{
  "title": "Mauritius: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius",
  "publication": "IMF Staff Country Reports, March 22, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/mauritius-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43821",
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  "summary": "This paper discusses key issues related to the economy of Mauritius. In 2015, the economy of Mauritius has grown at moderate rate; inflation is low; and the external position has improved.",
  "publishDate": "2016-03-22",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The paper discusses key issues related to the economy of Mauritius.\n- Publication date: March 22, 2016.\n- Main summary points:\n  - In 2015, the economy of Mauritius has grown at moderate rate.\n  - Inflation is low.\n  - The external position has improved.\n  - Macroeconomic conditions remain stable but the authorities face macrofinancial challenges.\n  - The medium-term outlook remains favorable, supported by continued low fuel prices and the start of important investment programs."
    },
    {
      "heading": "Recent economic performance (2015)",
      "content": "- Growth: \"grown at moderate rate\" in 2015.\n- Inflation: \"inflation is low\".\n- External sector: \"the external position has improved\"."
    },
    {
      "heading": "Macroeconomic and macrofinancial challenges",
      "content": "- Collapse of a large financial conglomerate:\n  - Recent collapse affected the real economy.\n  - Generated macrofinancial challenges for authorities.\n- Offshore sector risks:\n  - Presence of a \"massive offshore sector\".\n  - Sizeable inter-linkages between the offshore sector and domestic banking activities create risk exposures and potential spillovers."
    },
    {
      "heading": "Medium-term outlook and drivers",
      "content": "- Outlook: \"medium-term outlook remains favorable\".\n- Key supporting factors:\n  - \"continued low fuel prices\".\n  - \"the start of important investment programs\"."
    },
    {
      "heading": "Policy implications and priorities (implicit in analysis)",
      "content": "- Contain and manage macrofinancial fallout from the collapse of the large financial conglomerate to limit real-economy effects.\n- Monitor and mitigate risk exposures and potential spillovers stemming from the massive offshore sector and its inter-linkages with domestic banking.\n- Leverage low fuel prices and planned investment programs to sustain medium-term growth."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subjects: Balance of payments statistics, Bank deposits, Banking, Domestic credit, Economic and financial statistics, Financial institutions, Financial regulation and supervision, Loans, Money, Public debt\n- Keywords: Africa, Balance of payments statistics, CR, deficit, Domestic credit, economy status, exchange rate, foreign currency, Global, ISCR, Loans, long-term debt, Mauritian economy, monetary policy transmission mechanism, reform effort, reform strategy, Sub-Saharan Africa, transmission mechanism\n\nInternational Monetary Fund. Mauritius: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius (March 22, 2016).\n\n---\n\n Content in this bundle\n\n- Cr1689 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/mauritius-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43821"
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    "Published: March 22, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475522662.002",
    "The paper discusses key issues related to the economy of Mauritius.",
    "Publication date: March 22, 2016.",
    "Main summary points:",
    "Growth: \"grown at moderate rate\" in 2015.",
    "Inflation: \"inflation is low\".",
    "External sector: \"the external position has improved\".",
    "Collapse of a large financial conglomerate:",
    "Offshore sector risks:",
    "Outlook: \"medium-term outlook remains favorable\".",
    "Key supporting factors:",
    "Contain and manage macrofinancial fallout from the collapse of the large financial conglomerate to limit real-economy effects.",
    "Monitor and mitigate risk exposures and potential spillovers stemming from the massive offshore sector and its inter-linkages with domestic banking.",
    "Leverage low fuel prices and planned investment programs to sustain medium-term growth.",
    "Subjects: Balance of payments statistics, Bank deposits, Banking, Domestic credit, Economic and financial statistics, Financial institutions, Financial regulation and supervision, Loans, Money, Public debt",
    "Keywords: Africa, Balance of payments statistics, CR, deficit, Domestic credit, economy status, exchange rate, foreign currency, Global, ISCR, Loans, long-term debt, Mauritian economy, monetary policy transmission mechanism, reform effort, reform strategy, Sub-Saharan Africa, transmission mechanism",
    "[Cr1689 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr1689.pdf){rel=\"external\" type=\"application/pdf\"}"
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