Balance Sheet Vulnerabilities of Mauritius During a Decade of Shocks

 
 
Publication Date: June 01, 2010
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: After reviewing the economic reform strategy of Mauritius for the past 10 years in the face of several external shocks, we apply a balance sheet analysis (BSA) focusing on currency, maturity, and intersectoral mismatches. In reviewing developments over this decade, we find that the currency and maturity mismatches have fallen across various sectors, and the intersectoral risks to each analyzed sector’s balance sheet appear controllable. The government has implemented reforms in recent years that have contributed to general improvement in the balance sheet of the Mauritian economy and its subsectors. We conclude that from a BSA perspective, the macroeconomic vulnerabilities of Mauritius seem manageable, though vulnerabilities remain, and data gaps mean that more work will be needed to support these findings.
 
Series: Working Paper No. 10/148
Subject(s): External shocks | Mauritius | Balance of payments | Currencies | Credit risk | Monetary policy | Fiscal policy

Author's Keyword(s): Balance Sheet Analysis | Mauritius | shocks | crisis
 
English
Publication Date: June 01, 2010
ISBN/ISSN: 9781455201310 Format: Paper
Stock No: WPIEA2010148 Pages: 79
Price:
US$18.00 (Academic Rate:
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