## Mauritius: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius

_IMF Staff Country Reports, March 22, 2016_

## Source details

**Canonical URL:** [Mauritius: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius](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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## Bibliographic details
- Published: March 22, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475522662.002

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### Overview
- The paper discusses key issues related to the economy of Mauritius.
- Publication date: March 22, 2016.
- Main summary points:
  - In 2015, the economy of Mauritius has grown at moderate rate.
  - Inflation is low.
  - The external position has improved.
  - Macroeconomic conditions remain stable but the authorities face macrofinancial challenges.
  - The medium-term outlook remains favorable, supported by continued low fuel prices and the start of important investment programs.

### Recent economic performance (2015)
- Growth: "grown at moderate rate" in 2015.
- Inflation: "inflation is low".
- External sector: "the external position has improved".

### Macroeconomic and macrofinancial challenges
- Collapse of a large financial conglomerate:
  - Recent collapse affected the real economy.
  - Generated macrofinancial challenges for authorities.
- Offshore sector risks:
  - Presence of a "massive offshore sector".
  - Sizeable inter-linkages between the offshore sector and domestic banking activities create risk exposures and potential spillovers.

### Medium-term outlook and drivers
- Outlook: "medium-term outlook remains favorable".
- Key supporting factors:
  - "continued low fuel prices".
  - "the start of important investment programs".

### Policy implications and priorities (implicit in analysis)
- 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 and keywords (as listed)
- 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

*International Monetary Fund. Mauritius: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius (March 22, 2016).*

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## Content in this bundle

- [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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_Source: 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_