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Regional Economic Outlook, April 2019, Sub-Saharan Africa

Recovery Amid Elevated Uncertainty

The economic recovery in sub-Saharan Africa is expected to continue, but at a slower pace than envisaged in October 2018.

Fiscal Monitor, April 2019

Curbing Corruption

The April 2019 edition of Fiscal Monitor is focused on two broad themes: fiscal policy in a fast-changing global economy and curbing corruption.

CHAPTER 9. Medium-Term Challenges and Concluding Remarks

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 1. Overview

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 2. Outstanding Growth Performance

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 3. Sectoral Diversification and Openness

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 4. The Role of Institutions

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...

CHAPTER 5. Labor Market and Educational System

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 6. Fiscal Developments

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 7. Financial System and Institutions

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 8. The Evolution of Monetary and Exchange Rate Policy

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 1. China’s Economic Success and Reforms: Investing in Soft Infrastructure

Chapter 1. China’s Economic Success and Reforms: Investing in Soft Infrastructure »

Source: Modernizing China : Investing in Soft Infrastructure

Series: Books

Author(s): W. Raphael Lam , Markus Rodlauer , and Alfred Schipke

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2017

ISBN: 9781513539942

Keywords: Economic reforms, reforms, economic success, growth model, policy frameworks, markets, market economy, soft infrastructure, institutions, rebalancing

China matters as never before. It is now the second largest economy in the world—and the largest in purchasing power parity. Even at half its historical economic growth rate, it con...