The economy of Mauritius is expected to expand by 3.8 percent this year and 3.9 percent in 2017, broadly in line with the country's own forecasts, the International Monetary Fund said on Friday.
Economy seen expanding 3.8 pct in 2016: IMF
The IMF said in a statement that it encouraged authorities to strengthen macroeconomic and financial sector resilience and pursue structural reforms to raise productivity and growth.
Data published by the IMF showed the Indian island economy would expand by 3.9 percent in 2017 and by 4.0 percent in 2019.
The Bank of Mauritius, the central bank, said in February that the economy would grow by 3.8 percent this year, a touch lower than the 3.9 percent forecast by Statistics Mauritius, after it held its key repo rate at 4.40 percent.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Yahaya Bello: Pressure mounts on EFCC as ex-AGF faults ₦80bn fraud case
PHOTOS: Police arrest, parade masterminds of Abuja-Kaduna train attack
CSOs demand freedom in operation for anti-graft agencies
Anti-graft agency arrests 3 Kano govt officials aiding foreigners secure citizenship
ONSA directs security agencies to enforce Nigeria’s cybercrime law fully
ASUU faction dissociates self from UniAbuja strike, says cabal behind action
Nigeria’s economy to experience significant growth soon – Shettima
Businesses grounded in Maiduguri fish market as traders revolt against leaders
Slain NYSC member's brother petitions House of Reps, insists deceased not cultist
ADVERTISEMENT