Boosting economic growth
Strengthening social cohesion
Enhancing the value of environmental capital
Promoting regional integration
Martinique, which is located in the middle of the Lesser Antilles archipelago, nearly 7,000 km from France, is directly exposed to the risk of earthquakes and is in the direct path of cyclones. With over 400,000 inhabitants and an area of 1,128 km2, it stands out from the rest of the French overseas territories due to its high population density.
The island, which became an official territorial collectivity on 1 January 2016, is rich with exceptional natural heritage and highly diverse ecosystems. Both tourism and the economy rely on these assets – during the 2016/2017 season, the island welcomed 800,000 visitors, thus confirming the attractiveness of Martinique. This natural capital needs to be preserved, especially against the backdrop of climate change.
However, despite a surge in activity in 2015, Martinique is still affected by economic and social inequality. With high unemployment (18%), the cost of living has not dropped and job insecurity is still an issue. Its population is also ageing: even though it was one of France's youngest populations less than ten years ago, it is expected to become one of its oldest by 2040.
As a long-standing partner of Martinique for over 70 years, AFD supports its ongoing social and territorial developments and contributes to the creation of a new, more inclusive economic model. We do this by working towards boosting Martinique's influence and integration into the Caribbean region. To do this, we use various tools dedicated to both the public (e.g. loans, support and advice) and private sectors (e.g. loans to companies, guarantee funds, the Bpifrance offer).