Mauritius: 2012 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Mauritius

International Monetary Fund

No 2012/062, IMF Staff Country Reports from International Monetary Fund

Abstract: The 2012 Article IV Consultation on Mauritius reports that the outlook for growth and inflation is broadly positive, although growth is likely to slow somewhat to below 4 percent. The cyclical component of Mauritius’ fiscal balance is projected to be small. A less expansionary fiscal stance than currently projected by IMF staff would contribute to building policy buffers and reducing relatively high debt levels. In the event of a deterioration in the external environment, automatic stabilizers should be allowed to work, and limited fiscal stimulus could also be considered.

Keywords: ISCR; CR; authority; credit growth; government transfer; debt ratio; deficit; authorities' effort; Mauritian economy; water strategy; Fiscal consolidation; Commercial banks; Fiscal stimulus; Global; Africa (search for similar items in EconPapers)
Pages: 76
Date: 2012-03-23
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