The Commission of inquiry : a meticulously planned response

The Commission of Inquiry on the Alvaro Sobrinho affair, which is causing more havoc to the reputation of Mauritius as a “clean” financial jurisdiction, is a carefully conceived counter-attack by government to divert attention from the real issues regarding the affair.

The BAI Saga: “The government comes out a winner !!!”

That’s a tall claim !!!

A New Development Model-another perspective

(A shorter version published in Le Mauricien, 20 April 2018)

For quite some years now Mauritius has been languishing within the middle-income range, caught in a low growth trap of below 4 % due to declining investment ratios, slow manufacturing growth, limited industrial and export diversification, poor labour market conditions and an absence of structural reforms. 

An Exit Interview that smears

(Published in L"Express, 15 Feb 2018 )
Far from setting the record straight the exit interview of the ex-Governor of the Bank of Mauritius (BoM) has kicked off an avalanche of further queries and attempts at deciphering the covert and the meticulously calculated revelations/allegations of the narrative

Budgetary Accounts, July- Dec 2017: Some Concerns

(Published in L'Express, 15 Feb 2018)

Data on budgetary central government accounts are reported monthly to the IMF and published by Statistics Mauritius. The latest figures on public finances relate to Dec 2017, and thus provide an indication of fiscal performance at a midway point of the 2017-18 budget.

Managing the Trilemma: The Monetary blip ‼!

( Published in Business Magazine No. 1316 -13-19 December 2017)
Some years back we were one of those few “ fake” economists” who had alerted the authorities on the futility of the Central bank to be supportive of growth in its  exchange rate and monetary policies because of the  " impossible trinity or trilemma” and the presence of excess liquidity. 

The tramway project: Untimely

There has been an alphabet soup of experts lining up to convince us that their alternative to the status quo is the ideal option-the tramway project. They have convinced us that the old solution of simply building more roads is unsustainable. They have provided a strong economic rationale for the tramway project.