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Several economic controversies are making the headlines, from the forecasted growth to the problems surrounding the Mauritius Investment Corporation. We sought the views of Vinaye Ancharaz, economist, on all these issues. His opinions are bold and unambiguous.
“The MIC operates with 100% of public funds, so we have a right to know how our money is being spent. If it were using its capital honestly to invest in good projects, there would be no need to conceal any information.”
There are several contrasting views about the economic situation and the forecast for the coming year. What exactly is the picture, according to you?
Cela peut paraître incroyable !
La Banque centrale nous annonçait l’an dernier la naissance de la Mauritius Investment Corporation (MIC), sous les clauses 6(1)(y) et 46(5) de la «Bank of Mauritius Act». À noter que la première de ces deux clauses précise qu’il faut l’assentiment du ministre de tutelle pour investir…
Les objectifs semblaient clairs. L’objectif principal était de soutenir les compagnies systémiquement importantes de l’économie, affectées par la pandémie ou ses séquelles, afin que celles-ci risquent moins la culbute, ce qui aurait alors entraîné des conséquences sûrement graves pour le secteur bancaire, dont la stabilité doit être préservée de manière prioritaire par la Banque centrale. Nonobstant les objections du Fonds monétaire international (FMI) de QUI doit financer les conséquences de la pandémie et surtout de la fermeture de l’aéroport, cet objectif est certes crédible.
Guy Who Left Behind At Least Three Pairs of Oversized Shoes is 90 lemauricien.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lemauricien.com Daily Mail and Mail on Sunday newspapers.
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There used to be a time when politicians and their nominees would selectively quote from IMF staff statements and reports in order to convince the population that all was well in paradise, that they could go back to watching the Premier League games or Hindi soaps and that we were an example for Africa but long gone are those days. In a recent interview on the Mauritius Times newspaper, the Lord Meghnad Desai, the outgoing chairman of the MIC unknowingly perhaps jumped on the new message that has been cooking from the “so what!” school of thought over the past month, that is, “let the IMF say what it says. Who cares?”. The interview in itself is puzzling and concerning at the same time. Firstly, there seems to be a bit of a confusion when it comes to why central banks across the globe hold international reserves in the first place.
Lord Desai dans Mauritius Times: The normal IMF policies not appropriate lexpress.mu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexpress.mu Daily Mail and Mail on Sunday newspapers.