Mauritius: Recent Economic Developments and Selected Issues

International Monetary Fund

No 1997/030, IMF Staff Country Reports from International Monetary Fund

Abstract: This Recent Economic Developments and Selected Issues paper on Mauritius highlights that the real GDP growth for the country during 1993/94–1995/96 averaged about 4.1 percent, compared with 6.0 percent for the preceding three years. The decline in GDP growth, especially in 1994/95, was largely on account of the adverse impact of Cyclone Hollanda, which hit the island in February 1994. The negative effects of the cyclone were the most pronounced in the sugar sector, where output in 1994 declined by 12 percent compared with 1993.

Keywords: ISCR; CR; bank rate; fixed price; average earnings; cash in hand; financial situation; holding company; private sector; gross domestic product; debt service; central government; broad money; foreign currency; current account; Agricultural commodities; Exports; Imports; Commercial banks; Special economic zones; Southern Africa; Europe; Asia and Pacific (search for similar items in EconPapers)
Pages: 168
Date: 1997-04-26
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