Mauritius governor defends central bank’s funding of government
“Unprecedented times” require “unprecedented set of measures”, says Seegolam
The governor of Bank of Mauritius, Harvesh Seegolam, has defended the central bank’s issuance of 60 billion rupees ($1.5 billion) of debt to transfer to the Mauritius government, as well as its earmarking of a further $2 billion in foreign exchange reserves to support economic development.
Seegolam, who took office on March 1, said Mauritius this year had experienced its worst slowdown in output since its independence, with key sectors such as tourism, manufacturing, transportation and
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