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CHAPTER 7. Financial System and Institutions »
Source: Mauritius : Challenges of Sustained Growth
Series: IMF Special Issues
Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2005
ISBN: 9781589064164
Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking
Mauritius has one of the more sophisticated financial systems in Africa, a system that is soundly capitalized and profitable. Assets of the banking system represent about 100 percent of GDP. While the financ...
CHAPTER 6. Fiscal Developments »
Source: Mauritius : Challenges of Sustained Growth
Series: IMF Special Issues
Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2005
ISBN: 9781589064164
Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking
Over the past 25 years, Mauritius’s public finances have experienced three distinct phases: large fiscal deficits in the early 1980s, followed by a period of fiscal consolidation and discipline during the la...
CHAPTER 5. Labor Market and Educational System »
Source: Mauritius : Challenges of Sustained Growth
Series: IMF Special Issues
Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2005
ISBN: 9781589064164
Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking
Despite strong economic growth, averaging just below 6 percent per year over the last two decades, a “U”-curve phenomenon of Mauritian unemployment can be observed (Figure 5.1). The unemployment rate plunged...
CHAPTER 9. Medium-Term Challenges and Concluding Remarks »
Source: Mauritius : Challenges of Sustained Growth
Series: IMF Special Issues
Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2005
ISBN: 9781589064164
Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking
The Factors Behind Sustained Growth The discussion in the previous chapters leads to some key conclusions. First, the Mauritian growth performance since the 1970s has been exceptiona...
CHAPTER 2. Outstanding Growth Performance »
Source: Mauritius : Challenges of Sustained Growth
Series: IMF Special Issues
Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2005
ISBN: 9781589064164
Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking
Mauritius’s Initial Conditions Mauritius is a small island economy in a remote section of the Indian Ocean. The island was visited by Malays, Arabs, and Portuguese in the sixteenth c...
CHAPTER 1. Overview »
Source: Mauritius : Challenges of Sustained Growth
Series: IMF Special Issues
Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2005
ISBN: 9781589064164
Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking
The purpose of this paper is to present the remarkable achievements of the economy of Mauritius since independence, and to highlight the factors that have made this performance possible. The record is impres...
CHAPTER 3. Sectoral Diversification and Openness »
Source: Mauritius : Challenges of Sustained Growth
Series: IMF Special Issues
Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2005
ISBN: 9781589064164
Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking
Main Trends in Diversification Table 3.1 sketches a brief synopsis of the history of industrial transformation in Mauritius, indicating which were the principal growt...
CHAPTER 8. The Evolution of Monetary and Exchange Rate Policy »
Source: Mauritius : Challenges of Sustained Growth
Series: IMF Special Issues
Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2005
ISBN: 9781589064164
Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking
As in many parts of the world, including developed countries, the modalities of conducting monetary policy in Mauritius evolved from strong reliance on controls to more market-based mechanisms. As in other c...
CHAPTER 4. The Role of Institutions »
Source: Mauritius : Challenges of Sustained Growth
Series: IMF Special Issues
Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2005
ISBN: 9781589064164
Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking
A critical question in the search for an explanation of Mauritius’s successful growth performance is why the Mauritian economy has been able to continuously diversify its production base. Broadly, t...
Mauritius : Challenges of Sustained Growth »
Series: IMF Special Issues
Author(s): James Yao , Gamal El-Masry , Padamja Khandelwal , and Emilio Sacerdoti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 March 2005
DOI: http://dx.doi.org/10.5089/9781589064164.058
ISBN: 9781589064164
Keywords: Development, Economic growth, inflation, monetary policy, financial system, export sector, banking
Mauritius has achieved remarkable success since its independence in 1968. It has one of the highest per capita GDPs in Africa, the economy has diversified from complete dependence on the sugar crop, into textiles,...