Mauritian media cites Seychelles as regional model in combating inflation.
The Mauritian media is heaping praise on Seychelles for the excellent results delivered by the economic reform programme introduced two and a half years ago.
In an interview with Central Bank Governor Pierre Laporte on Radio One, the radio station owned by Sentinelle Group which also owns the daily with the widest circulation in Mauritius, L’Express, the Mauritian journalist noted that Seychelles has emerged as the model in the region after it managed to bring inflation down from nearly 60 to practically zero percent last year.
The journalist was also impressed with the initiative of the Seychelles government to set up a Stabilisation Fund to absorb the rise in prices of fuel and food on world markets and prevent these from trickling down to the Seychellois consumer.
This mechanism partly explains why fuel is today cheaper in Seychelles than it is in Mauritius. A third point which received laudable comments from the Mauritian journalist was the appreciation of the Seychelles rupee.
Pierre Laporte is in Mauritius on a economic prospection tour during which he is expected to meet with Mauritian Vice-Prime Minister and Minister of Finance, Pravind Jugnauth, other government officials
as well as the business community. He told the Radio One journalist that he is in Mauritius to garner information from Mauritian authorities on the regulation and supervision of banks as the economic reform programmes is entering into its phase of structural reforms and the country is facing some constraints in pushing through the structural reform phase of the on-going economic reform programme.
He also said that Seychelles would like to step up the private sector partnerships with Mauritius in the hope of attracting more foreign direct investment from the sister country.
Source: The People
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