The Mauritius miracle is losing its sheen

https://economist.com/.../the-mauritius-miracle-is-losing...

from The Economist

We didn't know how much damage they'd done ! Really !

(Published in l'express of 7th may 2025)

At yesterday's parliamentary session, the National Assembly passed two major budget bills without amendment: the Supplementary Appropriation (2023-2024) (No. 2) Bill and the Supplementary Appropriation (2024-2025) Bill.

Municipal Elections: Vote for candidates supporting sustainable and responsible local policies.

The citizens' collective #Savetheblu is sounding the alarm and calling for a national wake-up call: the Mauritian ocean is dying.

The organization urges citizens to make marine protection a central issue in the elections, by supporting only those candidates clearly committed to sustainable and responsible local policies.

Recent Currency Movements and Exports Subsidies !

Since the beginning of April 2025 to 16 April 2025, the US Dollar has fallen by about 4.5% against other currencies, as measured by the US Dollar Index, shown in the first graph below.

The centralisation of powers !

With the introduction of the Public Inquiries Bill, the stated objective is evident : to thoroughly modernise the public enquiry system. However behind this legal reform, two sensitive commissions of enquiry will be abruptly halted, raising questions and criticism.

Was BAI a “disaster waiting to happen”?

Goldfinger coming back from hibernation has affirmed that BAI was a “disaster waiting to happen” …He accused the BAI group of having ‘plundered investors’ and asserted that he believes that Dawood Rawat's demand for Rs 100 billion will not be met. Trusting the justice system, he argued that Rawat would not be fortunate enough to get even ‘one rupee’. On the contrary, he said, the government should ask him to pay back the money spent to save the country.

Ban Pantins ki finn osi zouir!

They have a good excuse -“We just obeyed orders ! “

Ki Acting FS, ki Chokra, ki Bissesur, ki Ken Poonoosamy (dan ka Sobrinho), ki board MIC, ki board MTPA, ki board SBM, ki board Air Mts, ki board, ki board STC, ki board….ki ban advisers.......... zot tou ti obligé parski fin gayn ban fortes pressions !

Pada’s henchmen!

Pada will surely go down in our short economic history as the champion of crony capitalism and nepotism and hailed as the master of financial fraud and corruption; he may be leaving his mark as one among the most corrupt Finance Ministers the country has ever known. (As corrupt as some previous ones , the ones viewed as trojan horses of the private sector dutifully carrying out the agenda of their backers and sponsors).

Le backlog de Sithanen !

The Governor of the Central Bank, at a ceremony marking the migration of ABCB Holdings to the official market of the Stock Exchange of Mauritius, was harking back again on the ‘extremely difficult’ monetary legacy left by the previous administration. He was referring to the printing of Rs 186 billion, divided between the government (Rs 93 billion), the Mauritius Investment Corporation (Rs 81 billion) and four state-owned companies (Rs 12 billion).

The Governor and the Politician !

A central bank governor needs a degree of reserved communication to maintain credibility, avoid over-promising, and ensure effective monetary policy implementation, as over-communication can lead to "signal extraction problems" and undermine policy credibility.