Posted on Nov 23, 2020 at 2:50 PM

At the time of the health crisis , the Federation of Overseas Businesses (Fedom) relies more than ever on the Bank of the Territories. On October 26, the employers’ organization and the federation signed a partnership agreement in favor of overseas economic players. Réunion, which has accumulated € 1.032 billion in State guaranteed loan (PGE) according to the latest statistics from Etalab, is concerned.

Five areas of work have been defined: housing with social housing and the doubling of housing production by CDC Habitat (a subsidiary of the Caisse des Dépôts); tourism, in partnership with Bpifrance; energy and ecological transition; the attractiveness of city centers, support for local commerce and short circuits; the health and social sector. According to the Banque des Territoires, no project has yet materialized but the first signatures should take place in the coming months.

26 billion euros for overseas

“The current period carries a lot of uncertainties: our role is both to provide strategic visibility to local decision-makers but also operational solutions to enable overseas territories to be more inclusive, sustainable and connected”, indicates Olivier Sichel, director of the Bank of the Territories. This partnership agreement with the Fedom is part of the recovery plan of the Banque des Territoires, which mobilizes 26 billion euros at the national level in equity and loans on savings funds.

In this context, the two partners have decided to combine their efforts, their expertise and their information. And to carry out joint national and local communication and awareness actions. This cooperation is also complemented by the direct support to companies that Bpifrance operates, in particular, in particular through the EMP.