## Balance Sheet Vulnerabilities of Mauritius During a Decade of Shocks

_IMF Working Papers, June 1, 2010_

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## Bibliographic details
- Authors: Patrick A. Imam, Rainer Koehler
- Published: June 1, 2010
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781455201310.001

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### Summary
- After reviewing the economic reform strategy of Mauritius for the past 10 years in the face of several external shocks, the authors apply a balance sheet analysis (BSA) focusing on currency, maturity, and intersectoral mismatches.
- The analysis finds that currency and maturity mismatches have fallen across various sectors, and intersectoral risks to each analyzed sector’s balance sheet appear controllable.
- The government implemented reforms in recent years that contributed to general improvement in the balance sheet of the Mauritian economy and its subsectors.
- The authors conclude that from a BSA perspective, the macroeconomic vulnerabilities of Mauritius seem manageable, though vulnerabilities remain and data gaps mean more work is needed to support these findings.

### Key Findings
- Currency mismatches: evidence indicates a decline in currency mismatches across various sectors over the decade reviewed.
- Maturity mismatches: evidence indicates a decline in maturity mismatches across various sectors over the decade reviewed.
- Intersectoral risks: intersectoral risks to each analyzed sector’s balance sheet appear controllable.
- Policy reforms: recent government reforms have contributed to overall improvement in balance sheet positions for the economy and subsectors.
- Data limitations: notable data gaps persist, limiting the robustness of some conclusions and indicating a need for further work.

### Policy Implications and Recommendations
- Continue and deepen reforms that strengthen sectoral balance sheets, given their contribution to reduced currency and maturity mismatches.
- Address persistent data gaps to enable more comprehensive and robust BSA monitoring and to validate the manageability of remaining vulnerabilities.
- Monitor intersectoral exposures to ensure that identified controllable risks remain contained.

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/balance-sheet-vulnerabilities-of-mauritius-during-a-decade-of-shocks-23989_