Mauritius - Assessment Letter for the World Bank and African Development Bank

Policy Papers, October 20, 2009

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Bibliographic details

• Published: October 20, 2009
• Series: Policy Papers

Summary findings

• Mauritius has a long and sustained track record of implementing strong policies.
• Authorities responded to the global financial crisis by easing macroeconomic policies.
• The crisis response has halted the decline in public debt.
• Public finances are fundamentally sound.
• External debt is sustainable.
• Given the flexible exchange rate, the country's current reserve position is comfortable.
• Banks have remained liquid and profitable.
• With strong economic fundamentals and an effective institutional policy framework, Mauritius is well placed to weather the current challenges.

Macroeconomic and fiscal assessment

• Easing of macroeconomic policies was the authorities' response to the global financial crisis.
• The easing halted the decline in public debt.
• Public finances described as fundamentally sound.

External sector and reserves

• External debt assessment: sustainable.
• Exchange rate regime: flexible exchange rate.
• Reserve position: comfortable.

Banking and financial sector

• Banks have remained:
  • liquid
  • profitable

Institutional framework and resilience

• The country benefits from strong economic fundamentals and an effective institutional policy framework that support resilience to current challenges.

Publication and metadata

• Publication title: Mauritius - Assessment Letter for the World Bank and African Development Bank
• Publication date: October 20, 2009
• Format citation provided: Mauritius - Assessment Letter for the World Bank and African Development Bank, (USA: International Monetary Fund, 0) accessed 9/12/2026
• Subject tags included: African Development Bank; Assessment letters; Economic growth; External sector; Fiscal policy; Mauritius; Monetary policy; Public debt; Risk management; World Bank

Source: Mauritius - Assessment Letter for the World Bank and African Development Bank (October 20, 2009).

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