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Economy

Global

IMF Predicted Saudi Arabia’s Economy Set To Grow Faster Than US

Staff -
In a report published on Wednesday, the IMF predicted that the kingdom’s GDP will grow by 7.6% in 2022, the fastest rate of expansion in nearly...
Indian Ocean Region

Heading Back To The Tropical Islands: Seychelles’ Tourism Industry On Upward Path To Recovery

Staff -
Seychelles has surpassed the total number of visitor arrivals for the whole of 202, well on the path to the recovery of its tourism industry in the seventh...
Business & Finance

Moody’s Affirms Ratings Of Mauritian Banks; All Outlooks Are Now Stable

Staff -
Moody's Investors Service ("Moody's") has on Friday affirmed all ratings and assessments of the three rated Mauritian banks, namely: Mauritius Commercial Bank Limited ("MCB"), SBM...
Local News

Parliament: Finance (Miscellaneous Provisions) Bill Passed, Next Session To Be Held On October 8, 2022

Javed Sobah -
The Finance (Miscellaneous Provisions) Bill introduced in the second reading in the National Assembly by Finance Minister Renganaden Padayachy was passed on Friday. The...
Business & Finance

Mauritius: Moody’s Downgrades To Baa3, Changes Outlook To Stable, Retains Investment Grade Rating

Staff -
Moody's Investors Service ("Moody's") yesterday downgraded the Mauritian government's long-term foreign and local currency issuer ratings to Baa3 from Baa2, and changed the outlook...
Global

IMF Warns Worst Global Recession Since 1930s

Staff -
The global economy is facing its worst recession since the 1930s. That’s according to the International Monetary Fund, which has sharply cut its 2020 forecast...
World

Ghana Forced To Ask IMF For Help For Its Economy

Staff -
Until now, Ghana had refused to seek IMF support to rescue an economy crippled by the pandemic, rampant inflation and a depreciating currency. Ghana, one...
Economy

Summing Up The Appropriation Bill 2022-2023: Dr Padayachy And His Strategies To Restore Purchasing Power

Javed Sobah -
The Minister of Finance illustrated this summing up of the 2022-2023 Budget around the themes of development, efficiency, and solidarity. However, he recalled that...
Economy

Budget 2022-2023 : Speeding Up The Economic Recovery

Staff -
The 2022-2023 Budget sets out the course for post-COVID economic development. It seeks to deliver on the following objectives: Put the economy on a...
Economy

Question And Answer Session On Budget 2022-23 – Renganaden Padayachy : Boost The Economy

Staff -
Government’s philosophy is to give a boost to the economy, provide assistance to all sectors of activity while accelerating the country’s transition to a...
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