## Mauritius: Staff Report for the 2019 Article IV Consultation

_IMF Staff Country Reports, April 29, 2019_

## Source details

**Canonical URL:** [Mauritius: Staff Report for the 2019 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2019/04/29/mauritius-staff-report-for-the-2019-article-iv-consultation-46830)

## Other formats

- [Markdown version](/en/publications/cr/issues/2019/04/29/mauritius-staff-report-for-the-2019-article-iv-consultation-46830/index.md)
- [Structured JSON version](/en/publications/cr/issues/2019/04/29/mauritius-staff-report-for-the-2019-article-iv-consultation-46830/index.json)
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## Bibliographic details
- Published: April 29, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498311946.002

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### Key findings and outlook
- 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.

### Structural challenges
- Major constraints identified:
  - A shortage of suitably skilled workers.
  - An aging population.
  - Declining productivity and cost competitiveness.
- These structural issues confront Mauritius in meeting its high-income country objective.

### Policy discussions and priorities
- Discussions focused on:
  - Preserving fiscal sustainability.
  - Regaining external competitiveness.
  - Maintaining financial integrity and stability (including AML/CFT concerns).
- Several steps have been undertaken to:
  - Boost skill development.
  - Improve the business climate.
  - Build innovation capacity.

### Fiscal and expenditure stance
- Public spending on infrastructure is a key near-term fiscal driver.
- Recommendation: pursue fiscal consolidation beginning in FY2019/20 to:
  - Build fiscal credibility.
  - Put public debt on a declining path into the medium term.

### Analytical scope and thematic coverage
- Subjects covered include:
  - Anti-money laundering and combating the financing of terrorism (AML/CFT)
  - Banking
  - Budget planning and preparation
  - Crime
  - Economic and financial statistics
  - Financial statistics
  - Fiscal policy
  - Fiscal stance
  - Public debt
  - Public financial management (PFM)
- 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.

### Publication identifiers and document facts
- 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

*International Monetary Fund. Mauritius: Staff Report for the 2019 Article IV Consultation (April 29, 2019).*

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_Source: https://www.imf.org/en/publications/cr/issues/2019/04/29/mauritius-staff-report-for-the-2019-article-iv-consultation-46830_