Mauritius - Through the Eye of a Perfect Storm : Coming Back Stronger from the COVID Crisis
On July 1, 2020, Mauritius officially joined the ranks of High-Income Countries (HIC). It is a cruel historical irony that Mauritius reached the High-Income milestone during one of the worst years in its history. Mauritius delivered a highly succes...
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/586691621628367648/Mauritius-Through-the-Eye-of-a-Perfect-Storm-Coming-Back-Stronger-from-the-COVID-Crisis-A-World-Bank-Group-Country-Economic-Memorandum http://hdl.handle.net/10986/35627 |
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okr-10986-356272021-06-02T05:10:42Z Mauritius - Through the Eye of a Perfect Storm : Coming Back Stronger from the COVID Crisis World Bank PRIVATE INVESTMENT EXPORT COMPETITIVENESS INCLUSIVE GROWTH PUBLIC-PRIVATE PARTNERSHIPS NATURAL RESOURCE MANAGEMENT FOREIGN DIRECT INVESTMENT TRADE AGREEMENT PRICE DISTORTION SOCIAL PROTECTION LABOR FORCE PARTICIPATION EDUCATION FISCAL TRENDS On July 1, 2020, Mauritius officially joined the ranks of High-Income Countries (HIC). It is a cruel historical irony that Mauritius reached the High-Income milestone during one of the worst years in its history. Mauritius delivered a highly successful health response to the global Covid-19 pandemic through a hard lockdown and subsequent quarantine measures, and as a result has effectively been ‘Covid-free’ from April 2020 to March 2021, when a second outbreak occurred. With a total of 1246 cases and 17 deaths, Mauritius has so far been able to avoid the large-scale health crisis observed in many other countries. However, Covid-19 has caused severe economic disruptions in Mauritius. An oil spill in August and Mauritius’ inclusion in the EU list of High Risk Third Countries for Money Laundering in October 2020 added further pressure. While the events of 2020 require dedicated responses in the short term, addressing the underlying challenges cannot be postponed if Mauritius is to make a strong recovery. The best strategy for a solid recovery lies in a combination of temporary support to firms and households affected by the shock with a comprehensive reform program to address pre-existing structural challenges. It is unlikely that a strategy of simply addressing the short-term effects by supporting ailing firms while waiting for global conditions to improve would suffice to put Mauritius’ economic and social development back on track. On the other hand, the crisis affords policy makers with the opportunity to confront long-festering challenges. 2021-06-01T20:50:34Z 2021-06-01T20:50:34Z 2021-04-30 Report http://documents.worldbank.org/curated/en/586691621628367648/Mauritius-Through-the-Eye-of-a-Perfect-Storm-Coming-Back-Stronger-from-the-COVID-Crisis-A-World-Bank-Group-Country-Economic-Memorandum http://hdl.handle.net/10986/35627 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Africa Africa Eastern and Southern (AFE) Mauritius |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
PRIVATE INVESTMENT EXPORT COMPETITIVENESS INCLUSIVE GROWTH PUBLIC-PRIVATE PARTNERSHIPS NATURAL RESOURCE MANAGEMENT FOREIGN DIRECT INVESTMENT TRADE AGREEMENT PRICE DISTORTION SOCIAL PROTECTION LABOR FORCE PARTICIPATION EDUCATION FISCAL TRENDS |
| spellingShingle |
PRIVATE INVESTMENT EXPORT COMPETITIVENESS INCLUSIVE GROWTH PUBLIC-PRIVATE PARTNERSHIPS NATURAL RESOURCE MANAGEMENT FOREIGN DIRECT INVESTMENT TRADE AGREEMENT PRICE DISTORTION SOCIAL PROTECTION LABOR FORCE PARTICIPATION EDUCATION FISCAL TRENDS World Bank Mauritius - Through the Eye of a Perfect Storm : Coming Back Stronger from the COVID Crisis |
| geographic_facet |
Africa Africa Eastern and Southern (AFE) Mauritius |
| description |
On July 1, 2020, Mauritius officially
joined the ranks of High-Income Countries (HIC). It is a
cruel historical irony that Mauritius reached the
High-Income milestone during one of the worst years in its
history. Mauritius delivered a highly successful health
response to the global Covid-19 pandemic through a hard
lockdown and subsequent quarantine measures, and as a result
has effectively been ‘Covid-free’ from April 2020 to March
2021, when a second outbreak occurred. With a total of 1246
cases and 17 deaths, Mauritius has so far been able to avoid
the large-scale health crisis observed in many other
countries. However, Covid-19 has caused severe economic
disruptions in Mauritius. An oil spill in August and
Mauritius’ inclusion in the EU list of High Risk Third
Countries for Money Laundering in October 2020 added further
pressure. While the events of 2020 require dedicated
responses in the short term, addressing the underlying
challenges cannot be postponed if Mauritius is to make a
strong recovery. The best strategy for a solid recovery lies
in a combination of temporary support to firms and
households affected by the shock with a comprehensive reform
program to address pre-existing structural challenges. It is
unlikely that a strategy of simply addressing the short-term
effects by supporting ailing firms while waiting for global
conditions to improve would suffice to put Mauritius’
economic and social development back on track. On the other
hand, the crisis affords policy makers with the opportunity
to confront long-festering challenges. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Mauritius - Through the Eye of a Perfect Storm : Coming Back Stronger from the COVID Crisis |
| title_short |
Mauritius - Through the Eye of a Perfect Storm : Coming Back Stronger from the COVID Crisis |
| title_full |
Mauritius - Through the Eye of a Perfect Storm : Coming Back Stronger from the COVID Crisis |
| title_fullStr |
Mauritius - Through the Eye of a Perfect Storm : Coming Back Stronger from the COVID Crisis |
| title_full_unstemmed |
Mauritius - Through the Eye of a Perfect Storm : Coming Back Stronger from the COVID Crisis |
| title_sort |
mauritius - through the eye of a perfect storm : coming back stronger from the covid crisis |
| publisher |
World Bank, Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/586691621628367648/Mauritius-Through-the-Eye-of-a-Perfect-Storm-Coming-Back-Stronger-from-the-COVID-Crisis-A-World-Bank-Group-Country-Economic-Memorandum http://hdl.handle.net/10986/35627 |
| _version_ |
1764483450036813824 |