IMF Staff Country Reports

Mauritius: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius

May 28, 2024

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Format: Chicago

International Monetary Fund. African Dept. "Mauritius: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius", IMF Staff Country Reports 2024, 139 (2024), accessed December 21, 2024, https://doi.org/10.5089/9798400276392.002

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Summary

The 2024 Article IV Consultation discusses that Mauritius has rebounded strongly from the pandemic on the back of buoyant tourism, social housing construction, and financial services. The outlook for growth remains favorable, headline inflation is projected to ease further, and public debt is projected to continue moderating over the medium term. Risks to the outlook are on the downside, including from deterioration in global growth, higher-than-anticipated fuel and food prices, and extreme climate events. The macroeconomic policy mix should be recalibrated to rebuild fiscal and external buffers and maintain financial stability. Achieving high-income status will require continued structural reforms to promote competitiveness and economic diversification. Advance structural reforms, including those that bolster skills in the domestic labor market and support female labor force participation, foster digitalization, and enhance climate-resilient infrastructure investment. It is imperative to strengthen the effectiveness of the new monetary policy framework and stand ready to tighten the monetary policy stance should inflationary pressures re-emerge.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Central bank policy rate, Crime, Financial sector policy and analysis, Financial sector stability, Financial services, International organization, Monetary policy, Public debt

Keywords: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), B. managing inflation pressure, Central bank policy rate, CPI compilation method, Financial sector stability, Flash GDP estimate, Global, Monetary policy transmission, Money market rate, TA mission

Publication Details

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