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New means for municipalities in difficulty

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The government announced on February 16 the launch of a call for applications for the signing of new Overseas Recovery Contracts (Corom). The Coroms allow a municipality in difficulty to embark on a path of recovery of its finances and improvement of its management, the State granting it technical assistance and an exceptional operating subsidy. Since 2021, nine overseas municipalities benefit from this support, including that of Saint-Benoît in Reunion. The first results being positive, the ministry in charge of overseas territories proposed the extension of the experiment. In 2023, An additional 30 million euros will be devoted to Corom, including 20 million to support the Guadeloupe Joint Water and Sanitation Management Union. The remaining 10 million will support new municipalities in difficulty. The call for applications targets 31 overseas municipalities whose financial situation is degraded.

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