Mauritius: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Mauritius

July 21, 2008

Preview Citation

Format: Chicago

Mauritius: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Mauritius, (USA: International Monetary Fund, 2008) accessed December 30, 2024

Summary

This 2008 Article IV Consultation highlights that economic growth in Mauritius is responding to structural reform efforts. Tax reform, together with improvements in the business environment and investment initiatives, has spurred foreign investment to unprecedented levels and accelerated growth. The external current account deficit has eased but remains high on investment-driven import growth. The exchange rate appreciated 17 percent in real effective terms in the 12 months ending February 2008 from an overly depreciated level in 2005–06. Mauritius’s medium-term outlook has turned more favorable with the effects of the reform effort.

Subject: Banking, External debt, Fiscal policy, Health, Imports, International trade, Public debt

Keywords: Africa, Bill, CR, Demand pressure, Demand staff, East Asia, Global, Higher-than-expected wage bill, Import tariff, Imports, ISCR, Monetary policy committee, South Asia, Staff appraisal, Wage bill

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/238
Stock No:

1MUSEA2008002
ISBN:

9781451827866
ISSN:

1934-7685

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