Mauritius Economy Robust

An International Monetary Fund mission led by Amadou Sy visited Port Louis and Ebene during July 31–August 15 to conduct the discussions for the 2017 Article IV consultation with Mauritius, African Review reported. At the conclusion of the visit, Sy issued the following statement in Port Louis: “The Mauritian economy continues to be robust and staff project economic activity for 2017 to remain in line with recent trends. However, Mauritius is facing a challenging environment and vulnerabilities are rising. Options to improve resilience include: (a) rebuilding the credibility of the fiscal anchor and creating fiscal space for infrastructure and human capital investment; (b) tackling inflationary pressures by tightening monetary policy, while modernizing the monetary policy framework to strengthen the policy response to shocks; (c) addressing financial stability risks, and (d) improving competitiveness to support growth. Real GDP growth in 2017 is projected at 3.9% on the back of dynamism in the construction sector. Tourism and financial intermediation activities are expected to provide support, though at a slower pace than 2016. Domestic demand will continue to be supported by recovering business and consumer confidence, and increased public investment.”