The French Polynesian government has signed up to an agreement with France to sell the territory's flagship property in Paris in order to free up a Development Bank loan.
The signing took place in Papeete by the vice-president Antony Geros and the visiting French overseas territories minister Marie-Luce Penchard.
The property in Saint Germain has been used to accommodate the offices of the French Polynesian delegates to France, including the territory's tourism promotion agency.
The transaction was a condition by France for it to release a 60 million US dollar loan, which is instrumental for the government in Tahiti to meet its obligations.
Mrs Penchard says banks nowadays take into account a borrower's capacity to repay debt, adding that people know French Polynesia's creditworthiness.
