Mauritius: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius

International Monetary Fund

No 2016/089, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key issues related to the economy of Mauritius. In 2015, the economy of Mauritius has grown at moderate rate; inflation is low; and the external position has improved. However, macroeconomic conditions remain stable but the authorities face macrofinancial challenges stemming from the recent collapse of a large financial conglomerate, which affected the real economy, as well as risk exposures and potential spillovers from the massive offshore sector and its sizeable inter-linkages with domestic banking activities. Despite these challenges, the medium-term outlook remains favorable, as economic growth is set to be boosted by continued low fuel prices and the start of important investment programs.

Keywords: ISCR; CR; deficit; foreign currency; exchange rate; transmission mechanism; reform strategy; monetary policy transmission mechanism; Mauritian economy; long-term debt; economy status; reform effort; Domestic credit; Loans; Balance of payments statistics; Global; Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 85
Date: 2016-03-22
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