Mauritius: Staff Report for the 2014 Article IV Consultation
IMF Staff Country Reports, May 5, 2014
Source details
- Canonical URL
- Mauritius: Staff Report for the 2014 Article IV Consultation
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Bibliographic details
- Published: May 5, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484367582.002
Key findings and summary
- With subdued international prices, inflationary pressures in Mauritius declined in 2013, despite public sector wage increases.
- The unemployment rate was unchanged compared with 2012 at 8 percent.
- Credit to private sector growth remained robust in 2013.
- On the external front, the current account deficit widened to almost 10 percent of GDP in 2013.
- The reserve cover of imports of goods and services stayed constant at 4½ months with the Bank of Mauritius accumulating additional net international reserves.
- The structural primary deficit was broadly unchanged relative to 2011.
Macroeconomic indicators (as reported)
- Unemployment rate: 8 percent (unchanged from 2012)
- Current account deficit: almost 10 percent of GDP (2013)
- Reserve cover of imports of goods and services: 4½ months
- Structural primary deficit: broadly unchanged relative to 2011
- Inflationary pressures: declined in 2013 (despite public sector wage increases)
- Credit to private sector: growth remained robust
Subjects and keywords
- Subject: Banking, External debt, Fiscal consolidation, Fiscal policy, Fiscal stance, Public debt
- Keywords: A. fiscal consolidation, Africa, authority, CR, debt ratio, deficit, Europe, exchange rate, Fiscal consolidation, Fiscal stance, Global, inflation expectation, ISCR, Mauritian economy, Mauritius, near-term growth outlook, nominal exchange rate, policy discussion, Sub-Saharan Africa, year-on-year inflation
International Monetary Fund. Mauritius: Staff Report for the 2014 Article IV Consultation (Country Report No. 2014/107).
Content in this bundle
- Cr14107