French Polynesia business lending slows

French Polynesia, Papeete waterfront Photo: RNZ
Banks in French Polynesia are reporting a business slowdown after a promising beginning of the year. The IEOM, which issues the French Pacific franc, says lending to businesses in the second quarter has seen a decrease by five percent. It says this is the lowest level in four years. The territory’s economy has suffered a contraction... more →
Posted in: Polynesia