Financial Crisis: NESC Wants Reforms According to Rama Sithanen

10 years, 10 months ago - April 24, 2013
NESC Wants Reforms According to Rama Sithanen
It could be that the country embarks on a similar 2006 economic reform. This is what emerges from the latest report of the National Economic and Social Council (NESC) regarding the impact of the financial crisis.

Initiatives in 2006 for economic reform are considered effective by the NESC. According to a study conducted by the institution, " the government should strive to achieve and maintain a growth rate above 5%. To do this, the NESC recommends that the authorities engage in "similar to the 2006 economic reform . "

The NESC considers it necessary to prepare the country for the next potential economic upheaval. At that time, the Finance Minister Sithanen had implemented these reform measures.

The report of the Economic and Social Council that will be released this Wednesday, April 24, offers an overview of the benefits of stimulus packages introduced by the Minister of Finance at the time to protect small and medium-sized enterprises (SMEs).

These measures have prevented the closure of SMEs and layoffs that would have been inevitable without restructuring in 2006 , "the report said. However, the Economic and Social Council also calls for a review of these measures and hopes that the benefits of exercise are made public.

On the part of the job, the NESC study reported an effort by the government to try to limit layoffs due to the economic crisis.

Regarding tourism, the NESC considers that the effects of the crisis have been more consistent in this area. One explanation: the lack of coordination between institutions. Thus, the Board recommends that National Tourism Commission is established to enable all partners in this industry to make decisions together.

In addition, the report also reveals that the effects of the crisis have only marginally affected the most vulnerable social groups. The paper highlights that Mauritius has a strong social safety net that helped mitigate the effects of the crisis.

 

Text by lexpress.mu

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