Mauritius on the FATF Grey List

(Slightly modified version published in L'Express 24 Feb 2020)
The plenary meeting of the Financial Action Task Force (FATF) will be held in Paris on 16-21 February 2020.  At this meeting, it is likely that Mauritius will be included in the FATF list of High Risk and Other Monitored Jurisdictions, known as the FATF Grey List. 

The Metro Express is failing us !!!

The ongoing Metro Express project is really a very ambitious project. The cost of the project was estimated at some Rs 20 billion and to be completed by 2021. Initially the track will be from Curepipe to Port Louis with 19 stations. In the longer term the idea is that the metro rolls on connecting more and more regions - north and south and the east to west. The  project was not spared by critics and continue to be vilified. Many argued that it is too costly and that Mauritius lacks the critical mass to render it profitable etc. 

MBC TV : THE GOVERNMENT’S LAPDOG

In an interview to L”Express of the 1st Feb, the DG of our national TV informs us that il “veut créer une culture d’entreprise”. He goes further than that, he wants also « une façon de se comporter, de travailler, de traiter ses collègues… » Everything except a culture of independence that goes hand in hand with a creative and innovative corporate culture ; everything to reinforce its role of government lapdog more than watchdog.

Change or more of the same ?

Our Economic fundamentals 

We are already grappling with a large external current account deficit and stagnant growth.  Savings are dismally low, and the improvement in the investment rate remains modest. While public investments have recovered, private investments are dipping. Inflation remains subdued mainly on account of depressed prices of commodities and oil internationally and employment creation is poor and under-employment is significant. 

What is this new macatia ?

New institutions for the cronies- Economic and Research Bureau and Economic Advisory Council supplementing the EDB, all under the Ministry of Finance !!!

Government Programme 2020-24: the missing element !!!

Government Programme(GP) 2020-24 -Towards an inclusive,high income and green Mauritius, forging ahead together- lays down the new government's vision and roadmap for economic development via a series of nice soundbites-most of which we have heard before . 

Political correctness ?

Hi friends
I am gradually coming out of my hibernation and recovering from the treachery of these very people who tend to use you to serve their purpose and dumping you the moment they come to realise that it will make much of a difference, in pecuniary terms, if they abstain from the hard-hitting and scathing caricatures and arguments that were rattling and discrediting the regime.