Mauritius: 2005 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Mauritius

IMF Staff Country Reports, June 14, 2006

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Canonical URL: Mauritius: 2005 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Mauritius

Mauritius showed slow economic growth owing to the deteriorating external economic environment, particularly of the sugar and textile sectors.
Executive Directors urged the authorities to develop a comprehensive economic strategy that combines structural reform measures and policies geared toward macroeconomic stability.
Executive Directors commended the financial sector reform and the implementation of Financial Sector Assessment Program recommendations.
Executive Directors welcomed the financial sector monitoring and tax reforms plans.
Executive Directors emphasized the need for strong exchange rate and monetary policies for securing external competitiveness.

Structural reform:
- Develop a comprehensive economic strategy combining structural reform measures with macroeconomic stability policies.
Financial sector:
- Continue financial sector reform and implement Financial Sector Assessment Program recommendations.
- Strengthen financial sector monitoring.
Fiscal and tax policy:
- Implement planned tax reforms.
Exchange rate and monetary policy:
- Maintain strong exchange rate and monetary policies to secure external competitiveness.

Subjects: External debt, Foreign exchange, Government debt management, Oil prices, Prices, Public debt, Public financial management (PFM), Real effective exchange rates
Keywords: appreciation to the staff, bottom, CR, government, Government debt management, inflation-targeting regime, ISCR, Mauritian authorities' appreciation, Oil prices, price, price development, product, Real effective exchange rates, Southern Africa, textile sector