Mauritius: Staff Report for the 2001 Article IV Consultation

Mauritius experienced a rebound in economic activity, following a severe drought. Executive Directors welcomed the tightening of monetary policy, and noted the reversal of the real currency appreciation. They supported the initiatives to strengthen and modernize the financial sector and the institutional framework for the conduct of monetary and exchange rate policy. They emphasized the need to reduce unemployment, and suggested that the quality and timeliness of economic and financial statistics are satisfactory from the standpoint of conducting surveillance.
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Volume/Issue: Volume 2001 Issue 077
Publication date: May 2001
ISBN: 9781451827729
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Topics covered in this book

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Business and Economics , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , Mauritius , GDP , enterprise , deficit , regime , Mauritian rupee , consumer price inflation , Mauritian authorities , U , S , dollar , government's privatization program , currency appreciation , exchange rate , IMF's assessment , Exports , Commercial banks , Current account balance , Imports , Sub-Saharan Africa , Global

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Summary

Mauritius experienced a rebound in economic activity, following a severe drought. Executive Directors welcomed the tightening of monetary policy, and noted the reversal of the real currency appreciation. They supported the initiatives to strengthen and modernize the financial sector and the institutional framework for the conduct of monetary and exchange rate policy. They emphasized the need to reduce unemployment, and suggested that the quality and timeliness of economic and financial statistics are satisfactory from the standpoint of conducting surveillance.

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