{
  "title": "Mauritius: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius",
  "publication": "IMF Staff Country Reports, May 28, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/05/28/mauritius-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-549629",
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  "summary": "The 2024 Article IV Consultation discusses that Mauritius has rebounded strongly from the pandemic on the back of buoyant tourism, social housing construction, and financial services.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The 2024 Article IV Consultation discusses that Mauritius has rebounded strongly from the pandemic on the back of buoyant tourism, social housing construction, and financial services.\n- The outlook for growth remains favorable, headline inflation is projected to ease further, and public debt is projected to continue moderating over the medium term.\n- Risks to the outlook are on the downside, including from deterioration in global growth, higher-than-anticipated fuel and food prices, and extreme climate events."
    },
    {
      "heading": "Macroeconomic outlook and risks",
      "content": "- Growth: outlook remains favorable (no specific numeric growth rate provided in source content).\n- Inflation: headline inflation is projected to ease further (no specific numeric projection provided in source content).\n- Public debt: projected to continue moderating over the medium term (no specific numeric projection provided in source content).\n- Downside risks:\n  - Deterioration in global growth.\n  - Higher-than-anticipated fuel and food prices.\n  - Extreme climate events."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Recalibrate the macroeconomic policy mix to rebuild fiscal and external buffers and maintain financial stability.\n- Strengthen the effectiveness of the new monetary policy framework and stand ready to tighten the monetary policy stance should inflationary pressures re-emerge."
    },
    {
      "heading": "Structural reforms and long-term priorities",
      "content": "- Achieving high-income status will require continued structural reforms to promote competitiveness and economic diversification.\n- Advance structural reforms, including:\n  - Bolster skills in the domestic labor market and support female labor force participation.\n  - Foster digitalization.\n  - Enhance climate-resilient infrastructure investment."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Central bank policy rate, Crime, Financial sector policy and analysis, Financial sector stability, Financial services, International organization, Monetary policy, Public debt\n- Keywords: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), B. managing inflation pressure, Central bank policy rate, CPI compilation method, Financial sector stability, flash GDP estimate, Global, monetary policy transmission, money market rate, TA mission\n\nSource: Mauritius: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Mauritius (May 28, 2024).\n\n---\n\n Content in this bundle\n\n- 1musea2024001\n  - 1musea2024001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1musea2024001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 28, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400276392.002",
    "The 2024 Article IV Consultation discusses that Mauritius has rebounded strongly from the pandemic on the back of buoyant tourism, social housing construction, and financial services.",
    "The outlook for growth remains favorable, headline inflation is projected to ease further, and public debt is projected to continue moderating over the medium term.",
    "Risks to the outlook are on the downside, including from deterioration in global growth, higher-than-anticipated fuel and food prices, and extreme climate events.",
    "Growth: outlook remains favorable (no specific numeric growth rate provided in source content).",
    "Inflation: headline inflation is projected to ease further (no specific numeric projection provided in source content).",
    "Downside risks:",
    "Recalibrate the macroeconomic policy mix to rebuild fiscal and external buffers and maintain financial stability.",
    "Strengthen the effectiveness of the new monetary policy framework and stand ready to tighten the monetary policy stance should inflationary pressures re-emerge.",
    "Achieving high-income status will require continued structural reforms to promote competitiveness and economic diversification.",
    "Advance structural reforms, including:",
    "Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Central bank policy rate, Crime, Financial sector policy and analysis, Financial sector stability, Financial services, International organization, Monetary policy, Public debt",
    "Keywords: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), B. managing inflation pressure, Central bank policy rate, CPI compilation method, Financial sector stability, flash GDP estimate, Global, monetary policy transmission, money market rate, TA mission",
    "**1musea2024001**"
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