The Vice-President of French Polynesia, Minister of Economy and Finance, Teva Rohfritsch, attended the meeting of the Supervisory Board of the Overseas Emission Institute (IEOM) which was held in Paris last Tuesday.
This decision-making body, which meets twice a year, allows representatives of the three French Pacific countries and territories (French Polynesia, New Caledonia, Wallis and Futuna) to discuss matters of economic, banking and monetary scope.
During this meeting, Teva Rohfritsch intervened to take stock of the economic situation in French Polynesia which is looking favorably at the end of 2019, like or better than the 2018 financial year. He also took the opportunity to draw up a detailed table of the key indicators of the Polynesian economy which is still growing.
The Vice-President also mentioned the vote by the assembly of the primitive 2020 budget, an increase of 3.3% compared to 2019. He underlined that the current economic context allows French Polynesia to free up additional capacities for supporting the creation and development of economic players, supporting businesses and households investments, but also boosting solidarity efforts towards the most disadvantaged ones in our society.
The budget of the IEOM, an update on the monetary and banking situation of the Fcfp emission zone, as well as the progress of the strategic plan “Ambitions 2020”, were also presented to the members of the Council.
The next Supervisory Board is scheduled to meet in May 2020.