The
International Monetary Fund (IMF) said yesterday that the Mauritian
economy would expand over the next three years, adding that the
island’s monetary policy appeared appropriate.
“Economic growth is projected to increase to 5% per year by 2011,
reflecting a reversal of the growth contraction in the EU, Mauritius’
main market for exports and tourism,” it said in a statement.
“With inflationary pressures subdued, and the economic outlook uncertain, the monetary policy stance appears appropriate.”
While the IMF referred to 5% growth in 2011, a table carried in the
same statement showed gross domestic product growth of 4.1% in 2010,
4.7% in 2011 and 4.9% in 2012.
The Washington-based body said the key objectives for the medium term
would be to reduce further the level of public debt, refine the
monetary policy framework, and sustain financial sector and structural
reforms.
The head of the Bank of Mauritius told Reuters on Tuesday he expected the almost $10 billion economy to grow by 4.5% this year.
