Mauritius: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2024 Issue 139

Publication date: May 2024

ISBN: 9798400276392

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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , CPI compilation method , money market rate , flash GDP estimate , TA mission , B , managing inflation pressure , monetary policy transmission , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Financial sector stability , Central bank policy rate , Global , Africa

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Summary

Strong Recovery and Challenges. Mauritius has rebounded strongly from the pandemic on the back of buoyant tourism, social housing construction, and financial services. Supportive policies facilitated the strong recovery, but challenges remain for securing a sustainable and resilient economy: (i) fiscal and external buffers were eroded during the pandemic, and (ii) vulnerabilities to climate change and an ageing population loom over the medium- to long-term economic prospects.