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Mauritius drops 14 positions in Global Financial Centers Index

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Mauritius drops 14 positions in Global Financial Centers Index

Mauritius has fallen by 14 positions in the latest Global Financial Centers Index, from position 73 in 2021 to 87th globally.

The thirty-first edition of the Global Financial Centres Index (GFCI 31) was published on 24 March 2022. GFCI 31 provides evaluations of future competitiveness and rankings for 119 financial centres around the world. The GFCI serves as a valuable reference for policy and investment decision-makers.

Casablanca (53) continues to be the leading African centre, while Cape Town (54) and Johannesburg  (56) continue to improve their ranking to challenge for the leading African position.

Commenting on Mauritius, the report said the island’s rank in business environment has held up well over this period.

However, in other areas, Mauritius’ rank has decreased against other centres over time. 

Mauritius drops 14 positions in Global Financial Centers Index

“Looking at industry sectors, Mauritius’ reputation has improved among those working in professional services and banking, but has lost ground among those working in other sectors,” the report said.

The Index also pinned down the island’s connectivity.

Mauritius drops 14 positions in Global Financial Centers Index

“Financial centres thrive when they develop deep connections with other centres,” said authors of the index, produced by Z/Yen and the China Development Institute.

To access the full report, click here

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.