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World Bank Interview: Can Mauritius rebound economically?

Extract from an interview with the World Bank whether Mauritius can rebound economically. 

Can the country rebound?

Absolutely! Our report argues that Mauritius can come back even stronger than before. But this will only happen if the crisis serves as a wake-up call to address long-standing challenges to achieve inclusive growth: unlocking more productive investment, restoring competitiveness, maintaining inclusiveness, and doing more with less public money. Mauritius is already doing many things right and most of the first-generation, wide-ranging economic reforms that could be discussed in other countries have already been implemented here over the past decades. The tricky part now is to fine-tune the functioning of these many, mostly successful, institutions and to improve policy coordination to address complex, multi-sectoral challenges in areas such as skills development, natural resource management, innovation, and investment promotion. And let us not forget that as a high-income country, Mauritius must necessarily change its benchmarks to compete with global best practices in these areas.

Consult the complete interview with Erik Von Uexküll (World Bank Senior Country Economist)
Jul 3, 2021


Mauritius should be removed from FATF list in 2021

Mauritius progresses to exit The Financial Action Task Force (FATF) list

At its June 2021 Plenary, the FATF has made the initial determination that Mauritius has substantially completed its Action Plan and warrants an on-site assessment to verify that the implementation of Mauritius's Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) reforms has begun and is being sustained and that the necessary political commitment remains in place to sustain implementation in the future.” This is a determining step towards exiting the FATF List of “Jurisdictions Under Increased Monitoring”. Mauritius has been commended by the FATF for the progress achieved in addressing the strategic deficiencies especially under difficult circumstances caused by the COVID-19 pandemic.

The FATF will now conduct an onsite visit at the earliest possible date following which a decision will be taken by the FATF, at its Plenary scheduled for October 2021, on the delisting of Mauritius from the grey list.

Read complete article  

Jun 28, 2021