A Public-Private Sector Joint Committee chaired by the Minister of Finance, Economic Planning and Development, Dr Renganaden Padayachy, was held last Friday at the Hennessy Park Hotel in Ebène.
The event was jointly organised by the Ministry of Finance, Economic Planning and Development and the Economic Development Board. The objective of the Committee is to provide an effective and collaborative platform in view of addressing challenges and tapping into new opportunities.
In a statement, the Minister underlined that the Committee is a major drive for the country and is poised to propel its fast evolution in regards to competitors. In addition, it is of key importance to coordinate our economic recovery and thereafter reach a normal state of affairs, he stated.
Dr Renganaden Padayachy pointed out that the Committee regrouped its permanent members and informed that discussions focused on the evolution of the prevailing business climate as well as the implementation of specific measures for the country’s jurisdiction.
We had the opportunity to take cognizance of the different options available in the future as well as for the Budget 2022-2023, he said. The Minister added that in only some sessions, the Committee was able to identify and analyse problems and subsequently propose solutions and thereby implement measures.
The Minister recalled that the Mauritius reopened its borders on 01 October 2021 and emphasised that so far it has been a success with the significant number of tourist inflow. Based on current figures, we are set to reach 600,000 of tourist arrivals by June 2022 and potentially exceed it, he observed.
According to Dr Renganaden Padayachy, the Government is attaining its set objectives for the financial year 2021-22. For further progress, he said, we will tap into today’s deliberations and implement the recommended measures as far as possible.
He also lauded the efforts and arduous work of the representatives present at the Committee who contributed to Mauritius’ exit from the Financial Action Task Force’s Grey List. The coordinated actions enabled the country to exit the grey list ahead of the scheduled deadline, that is eight months before, stated the Minister.
As we are in a phase of economic revival, this key event will restore confidence and trust in the country and will thus contribute to its positive and inclusive growth and attain its GDP prior to the COVID-19 pandemic, concluded the finance minister.
