Some of the leaders of Linion Pep Morisien faced the press on Friday afternoon. Why the French Development Agency withdrew from the Plaine-Corail airstrip expansion project. José Moirt, from Linion Pep Morisien, believes that there is first the fact that France “has called its people to sobriety”. He recalled, in a press conference on Friday, that Emmanuel Macron declared that “this is the end of abundance”, referring to the sacrifices that the people will have to make, especially in terms of energy. The other reason, according to him, is that Moody’s has downgraded Mauritius. As a result, AFD “felt that Mauritius’ ability to repay this debt has been affected. For him, an organisation like AFD does not announce a project and then withdraw on a whim. SBM: LPM calls for investigation into non-performing loans.
Dev Sunnasy called for an investigation into the non-performing loans of the State Bank of Mauritius. For him, this is a state-owned bank and a situation where billions of rupees have been “lost” on loans cannot be tolerated. He recalled that an American company was retained to review the management of Sherry Singh at Mauritius Telecom. He asked that the same firm be called in to investigate the way these loans were allocated. “We are talking about Rs 13 billion. This is the same amount that is required to take the Metro Express to Cote d’Or. Why not use this firm, whose members must come to Mauritius anyway? It will be one less expense in terms of transport,” he said.
