What steps has Mauritius taken to reassure investors in these times of economic slowdown?
Over the past two or three years there has been a new government. It has taken a number of steps to consolidate the fiscal situation in Mauritius, reducing debt to GDP ratio, reducing fiscal deficit and disciplining government expenditure. On the other hand, a number of measures have been taken to improve the business environment in Mauritius. Taxes have been capped at 15% for corporate as well as individuals. We have liberalized access to Mauritius for professionals. Today they can easily go and live in Mauritius if they work in the country, as well as for investors who can settle down in Mauritius rather easily now. All these measures have helped us in containing the effects of the crisis. It is also true, however, that we are suffering. Our GDP growth has come down from 6.5%. We expect it to be 3.2% this year. We have suffered mostly in our export sector, particularly garments. There has also been a slowdown in export of services. This is regarding our tourism industry, where we wer
