IBRD Loan: US$50 million
Terms: Maturity = 20 years; Grace Period = 5 years
Project ID: P116608
Project Description: The Development Policy Loan for the Republic of Mauritius aims to support reforms which respond to two major challenges: (i) the “triple trade shock” of trade preference erosion in sugar and apparel and high oil prices; and (ii) the transition from low wage, low skill sugar and apparel exporter to innovative, knowledge and skill based services economy.
The operation is the fourth and last of the series. Policy areas comprise the four pillars of the Government’s reform program: 1) Consolidating fiscal performance and improving public sector efficiency; 2) Improving trade competitiveness; 3) Improving the investment climate; and 4) Widening the circle of opportunity through participation, social inclusion, and sustainability.
