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Balance Sheet Vulnerabilities of Mauritius During a Decade of Shocks

Patrick Imam and Rainer Koehler

No 2010/148, IMF Working Papers from International Monetary Fund

Abstract: After reviewing the economic reform strategy of Mauritius for the past 10 years in the face of several external shocks, we apply a balance sheet analysis (BSA) focusing on currency, maturity, and intersectoral mismatches. In reviewing developments over this decade, we find that the currency and maturity mismatches have fallen across various sectors, and the intersectoral risks to each analyzed sector’s balance sheet appear controllable. The government has implemented reforms in recent years that have contributed to general improvement in the balance sheet of the Mauritian economy and its subsectors. We conclude that from a BSA perspective, the macroeconomic vulnerabilities of Mauritius seem manageable, though vulnerabilities remain, and data gaps mean that more work will be needed to support these findings.

Keywords: WP; exchange rate; interest rate; commercial bank; currency position; foreign exchange; monetary policy (search for similar items in EconPapers)
Pages: 42
Date: 2010-06-01
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