{
  "title": "Mauritius: Staff Report for the 2019 Article IV Consultation",
  "publication": "IMF Staff Country Reports, April 29, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/04/29/mauritius-staff-report-for-the-2019-article-iv-consultation-46830",
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  "summary": "This 2019 Article IV Consultation discusses that Mauritius is pursuing an ambitious strategy to foster inclusive growth and reach the high-income country milestone.",
  "sections": [
    {
      "heading": "Key findings and outlook",
      "content": "- Mauritius is pursuing an ambitious strategy to foster inclusive growth and reach the high-income country milestone.\n- Near-term economic activity is expected to be spurred by public spending on infrastructure projects.\n- Medium-term growth is expected to be sustained as infrastructure projects and productivity-enhancing reforms improve private-sector competitiveness.\n- The authorities are advised to pursue fiscal consolidation from the forthcoming budget FY2019/20 to build fiscal credibility and set public debt firmly on a declining path into the medium term."
    },
    {
      "heading": "Structural challenges",
      "content": "- Major constraints identified:\n  - A shortage of suitably skilled workers.\n  - An aging population.\n  - Declining productivity and cost competitiveness.\n- These structural issues confront Mauritius in meeting its high-income country objective."
    },
    {
      "heading": "Policy discussions and priorities",
      "content": "- Discussions focused on:\n  - Preserving fiscal sustainability.\n  - Regaining external competitiveness.\n  - Maintaining financial integrity and stability (including AML/CFT concerns).\n- Several steps have been undertaken to:\n  - Boost skill development.\n  - Improve the business climate.\n  - Build innovation capacity."
    },
    {
      "heading": "Fiscal and expenditure stance",
      "content": "- Public spending on infrastructure is a key near-term fiscal driver.\n- Recommendation: pursue fiscal consolidation beginning in FY2019/20 to:\n  - Build fiscal credibility.\n  - Put public debt on a declining path into the medium term."
    },
    {
      "heading": "Analytical scope and thematic coverage",
      "content": "- Subjects covered include:\n  - Anti-money laundering and combating the financing of terrorism (AML/CFT)\n  - Banking\n  - Budget planning and preparation\n  - Crime\n  - Economic and financial statistics\n  - Financial statistics\n  - Fiscal policy\n  - Fiscal stance\n  - Public debt\n  - Public financial management (PFM)\n- Keywords associated: Africa; Anti-money laundering and combating the financing of terrorism (AML/CFT); authority; Budget planning and preparation; CR; debt outlook; East Africa; Financial statistics; Fiscal stance; GDP; Global; ISCR; liability positions vis-à-vis nonresident; Mauritian authorities; Mauritius; monetary policy stance; policy; policy priority; Southern Africa; Sub-Saharan Africa; support scheme."
    },
    {
      "heading": "Publication identifiers and document facts",
      "content": "- Pages: 84\n- Volume: 2019\n- Issue: 108\n- Series: Country Report No. 2019/108\n- DOI: https://doi.org/10.5089/9781498311946.002\n- ISBN: 9781498311946\n- ISSN: 1934-7685\n- Publication date: April 29, 2019\n\nInternational Monetary Fund. Mauritius: Staff Report for the 2019 Article IV Consultation (April 29, 2019).\n\n---\n\n Content in this bundle\n\n- 1musea2019001\n  - 1musea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1musea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 29, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498311946.002",
    "Mauritius is pursuing an ambitious strategy to foster inclusive growth and reach the high-income country milestone.",
    "Near-term economic activity is expected to be spurred by public spending on infrastructure projects.",
    "Medium-term growth is expected to be sustained as infrastructure projects and productivity-enhancing reforms improve private-sector competitiveness.",
    "The authorities are advised to pursue fiscal consolidation from the forthcoming budget FY2019/20 to build fiscal credibility and set public debt firmly on a declining path into the medium term.",
    "Major constraints identified:",
    "These structural issues confront Mauritius in meeting its high-income country objective.",
    "Discussions focused on:",
    "Several steps have been undertaken to:",
    "Public spending on infrastructure is a key near-term fiscal driver.",
    "Recommendation: pursue fiscal consolidation beginning in FY2019/20 to:",
    "Subjects covered include:",
    "Keywords associated: Africa; Anti-money laundering and combating the financing of terrorism (AML/CFT); authority; Budget planning and preparation; CR; debt outlook; East Africa; Financial statistics; Fiscal stance; GDP; Global; ISCR; liability positions vis-à-vis nonresident; Mauritian authorities; Mauritius; monetary policy stance; policy; policy priority; Southern Africa; Sub-Saharan Africa; support scheme.",
    "Pages: 84",
    "Volume: 2019",
    "Issue: 108",
    "Series: Country Report No. 2019/108",
    "DOI: https://doi.org/10.5089/9781498311946.002",
    "ISBN: 9781498311946",
    "ISSN: 1934-7685",
    "Publication date: April 29, 2019",
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