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Presentation of the National Budget 2016/2017 by the Honourable Minister of Finance and Economic Development set for 29 July 2016

In a press conference held this Friday afternoon, Honourable Pravind Kumar Jugnauth,  Minister of Finance and Economic Development announced that the presentation of the budget will be held on 29 July 2016. 

The budget is being prepared amid uncertainties and apprehensions in the immediate wake of BREXIT. Although markets seem to have stabilized and the latest trend from the FTSE index shows that investor confidence has picked up, headwinds still remain strong. 

Mauritius, the most technology-savvy economy in sub-Saharan Africa

According to The Global Information Technology Report 2016 themed “Innovating in the Digital Economy”, released by the World Economic Forum, Mauritius ranks 49th globally out of 139 countries in Network Readiness Index, a key component of the report.  Mauritius retains its first position as the most technology-savvy economy in sub-Saharan Africa.

 
 

The President of the Parliament of the Fédération Wallonie-Bruxelles discusses investment opportunities with the Board of Investment in a bid to consolidate economic ties

A delegation from the Parliament of the Fédération Wallonie-Bruxelles, head by its President, Mr. Philippe Courard, paid a visit to the Board of Investment this afternoon, 5th July 2016. Mr. Ken Poonoosamy, the Managing Director of the Board of Investment, welcomed the delegation and seized the opportunity to make a brief presentation of BOI, explaining the key role of the institution in the furtherance of the national economy.

Foreign Direct Investment Trends in 2015

The latest FDI figures released by the Bank of Mauritius show that FDI inflows into Mauritius recorded for 2015 were to the tune of MUR 9.627 billion. The 2015 figures for direct investment flows are preliminary and will be subject to revision once the Foreign Asset and Liabilities Survey 2015 results are finalised.

 

Consolidating bilateral ties with the People's Republic of China

Honourable Pravind Jugnauth holds a bilateral meeting with a high-level Chinese delegation this morning at the Government House.

To further boost economic cooperation with the People's Republic of China, Honourable Pravind Jugnauth, Minister of Finance & Economic Development met with Honourable Zhang Xiangchen, Deputy China International Trade Representative this morning during a bilateral meeting.