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Padayachy Aims High: “We Want over 6% Growth Rate”



Padayachy Aims High: "We Want over 6% Growth Rate"

The joint government-private sector committee, organized by the Ministry of Finance in collaboration with the Economic Development Board (EDB) and Mauritius Strategy, met yesterday, April 06.

According to Finance Minister Renganaden Padayachy, the meeting allowed for an exchange of ideas without too many protocols.

“It allowed us to review what is happening in the business environment in Mauritius. We had a great meeting just a few weeks before the budget. We wanted to hear the vision of the operators present, especially the operator associations,” he said.

Padayachy added that Mauritius experienced a crisis, but has since emerged and is now facing reasonable growth. “Statistics Mauritius reports a growth rate of 4.9% based on IMF figures. We aim to exceed a growth rate of 6% by 2024,” he anticipates.

For Renganaden Padayachy, the question is how to achieve this goal. “What factors, barriers, and obstacles need to be overcome to reach this goal? Today, we have seen what immediate improvements need to be made and what needs to be included in the budget. I have heard many arguments and proposals. We are in a dynamic perspective. Every measure we take brings us additional growth,” he adds.

During the meeting, Mauritius Strategy presented strategies on growth levers based on all available instruments, to come up with estimates and forecasts.

The Minister then emphasized that social, ecological, and economic resilience are three interrelated and interactive factors.

The Finance Minister asserts “The private sector and the government are working in partnership and in the interest of the country. We are equipped for the budget presentation.”

Source: Le Mauricien

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