MCB Focus: Propelling Mauritius Inc. on a higher long term growth trajectory
- 28 Nov 2011
In recent times, the resilience of the Mauritian economy has been increasingly tested due to recurrent, drawn out and deteriorating worldwide economic and financial headwinds, with the IMF warning that the global economy has entered a “dangerous new phase” of low growth and high public debt.Furthermore, the chronic sluggishness of domestic private sector investment in terms of its share of national value added and real growth remains a major source of concern for the country. To make matters worse, there was an apparent wearing out of the overall economic reform momentum.
Alongside contributing to a relative downgrade of the country’s ranking in the Ease of Doing Business 2012 survey of the World Bank – which is in itself worrying enough considering stiff competition internationally to attract foreign capital and know‐how – this situation led to limited inroads being achieved in comprehensively addressing the embedded structural inefficiencies that plague the machinery of the economy and do no justice to Mauritius.
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