Front Matter

Front Matter

James Yao, Gamal El-Masry, Padamja Khandelwal, and Emilio Sacerdoti
Published Date:
March 2005
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© 2005 International Monetary Fund

Production: IMF Multimedia Services Division

Cover Design: Massoud Etemadi

Typesetting: Alicia Etchebarne-Bourdin

Cover Photos: Chris Hellier/CORBIS (left) and Bernardo Bucci/CORBIS (right)

Cataloging-in-Publication Data

Mauritius : challenges of sustained growth / Emilio Sacerdoti … [et al.]—Washington,

D.C. : International Monetary Fund, [2005]

  • p. cm.
  • ISBN 1-58906-416-X
  • Includes bibliographical references.

1. Mauritius—Economic conditions. 2. Mauritius—Economic conditions—Statistics. 3. Mauritius—Economic policy. 4. Labor market—Mauritius. 5. Financial institutions—Mauritius. 6. Monetary policy—Mauritius. I. Sacerdoti, Emilio.

HC597.5.M38 2005

Disclaimer: The views expressed in this work are those of the authors and do not necessarily represent those of the IMF or IMF policy. The IMF has not edited this publication. Some documents cited in this work may be not available publicly.

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The following conventions have been used throughout the paper:

  • … to indicate that data are not available or not applicable;
  • — to indicate that the figure is zero or negligible;
  • – between years or months (for example, 2002–03 or January–June) to indicate the years or months covered, including the beginning and ending years or months;
  • / between years or months (for example, 2002/93) to indicate a fiscal or financial year.


Some of the material presented in this Special Issues Paper was previously published in the selected issues papers prepared as background for discussions in the IMF Executive Board. The paper also draws on material presented in a very comprehensive study by Arvind Subramanian and Devesh Roy, 2001, “Who Can Explain the Mauritian Miracle: Meade, Romer, Sachs or Rodrik?” IMF Working Paper 01/116.

The authors wish to express their gratitude to Arvind Subramanian, who has been a driving force behind this work through his insightful analysis of the roots of the Mauritian economic miracle.

The authors are grateful to the Mauritian authorities for the open discussion of the issues covered in the paper, and for their assistance in providing data and other source material, and to the Executive Director for Mauritius, Mr. Damian Ondo Mañe.

The authors wish to thank Bakar Ould-Abdallah for his extremely effective and valuable research assistance, and Michael Nowak, Calvin McDonald, and Catherine Pattillo for their insightful comments. Finally, the authors wish to acknowledge the very valuable contributions of Ramatu Kabia, who provided assistance in preparing the document, and of Marina Primorac of the External Relations Department, who coordinated the production of the publication.

The opinions expressed in this paper are solely those of its authors and do not necessarily reflect the views of the International Monetary Fund, its Executive Directors, or the Mauritian authorities.

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