Mauritius: Vision 2030 high-powered committee for economic development
The committee will help in facilitating the implementation of large private sector investment projects which are key to job creation. (Image: bu.edu)
A Vision 2030 High-Powered Committee, aiming to provide strategic direction in the design and implementation of an all-encompassing National Economic Development Blueprint for the island economy for the period 2015-2030, is being set up by the Mauritius government.
The committee will help in facilitating the implementation of large private sector investment projects which are key to job creation.
As a result, it is expected that conflicting signals given to businesses and investors due to delays in the issuance of permits and licences will be avoided.
Furthermore, the National Economic Development Blueprint would contain a series of underlying strategic thrusts, namely: Development and consolidation of the economic pillars around financial services, manufacturing, trading and logistics, i-Mauritius, duty-free shopping, tourism and real estate, regional services and ocean economy; A national investment strategy to attract domestic capital formation and foreign direct investment; Enterprise development and economic empowerment; Good governance, transparency and accountability; A well-defined land use management strategy to ensure sustainable use of land; and Nation-building and culture change for a new mind-set towards discipline, work ethics, integrity and social inclusion.
In another important development, the Minister of Finance and Economic Development, Vishnu Lutchmeenaraidoo, announced yesterday January 26, 2015, during a press conference that the budget has been scheduled for March 16, 2015.
The Mauritius Budget is usually presented by November first week, but has been delayed in this instance since the new government under Prime Minister Anerood Jugnauth came to power mid-December last year.