PM Ramgoolam Meets 4 IMF Experts to Discuss New Fiscal Responsibility Legislation

The International Monetary Fund (IMF) has praised the progress of Mauritius’ economic reform programme following a pivotal meeting with Prime Minister Dr Navin Ramgoolam on Tuesday.

The discussions, held on 24 February, focused on the development of a landmark Fiscal Responsibility Legislation.

This legal framework is a cornerstone of the 2025–2029 government programme, designed to ensure the long-term sustainability of public finances and promote transparent management of state funds.

A Strategic Legal Framework

The visiting IMF delegation, led by Hansen Torben Steen, Chief of the Public Finance

Management (PFM) Division, confirmed that the proposed legislation aims to:

• Strengthen the sustainability of public debt and spending.
• Improve the efficiency of resource allocation.
• Foster a more accountable system for the use of public money.

Mr Steen noted that the mission’s recommendations are based on a technical approach that blends international best practices with extensive local consultations.

He expressed satisfaction with the “quality of exchanges” and the advancement of the legislative work so far.

Two Weeks of Consultations

The meeting marks the culmination of a fortnight-long technical mission. The IMF team, which included technical advisor Nsompumelo Radebe, expert Marco Cangiano, and resident advisor Chathebert Mudhunguyo, has been embedded in the country to analyse the local economic context.

During their stay, the experts held intensive working sessions with:

• The Ministry of Finance
• Representatives of the National Assembly
• Senior government officials

These discussions were vital in identifying key budgetary challenges and defining the priority areas that the new fiscal law will address.

Economic Consolidation

The initiative is framed as a critical component of the government’s broader economic consolidation strategy.

By establishing a rigorous legal framework, Mauritius seeks to bolster its financial reputation and ensure that public resources are managed with maximum efficacy.

Source: Defi Media