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Friday, 23 December 2011 16:38

EU grants EUR 53 million to Mauritius

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Mauritius has received from EUR 53 million the European Union (approximately MUR 2.1 billion). This grant is aimed at further supporting the overall economic reform programme of Mauritius. In a difficult international economic environment, Mauritius performed well making further progress towards diversifying the economy and reducing poverty. Alessandro Mariani, Ambassador and Head of Delegation of the European Union expressed his appreciation about the progress in the economic reforms in Mauritius.
He stated that "all the objectives mutually agreed between the Government of Mauritius and the European Union were achieved and in some cases even exceeded. These achieved objectives are linked to a conducive macro-economic environment in the country, Mauritius's reforms in public finance management, raising the competitiveness of the economy with particular emphasis on the restructuring of the sugar sector into sugar-cane cluster, energy, and enhancing economic opportunities for socially vulnerable people, improving access to pre-primary education for children as well as protecting the environment". A second Public Expenditure and Financial Accountability (PEFA) assessment was successfully concluded in 2011 and confirmed the continued strength of public finance management system of Mauritius. The Government also used this assessment to prepare a plan for further improvements over the period 2011-2013.

Ambassador Mariani also stated that: "While good progress has been made up to now, additional efforts are needed to consolidate and further improve Mauritius' competitiveness and its integration in the world economy. Other developing countries are rapidly moving. Reforms in the energy and water sector, reforms in parastatal companies, continued modernisation of the sugar sector and environmental issues deserve full attention for Mauritius to sustain and further accelerate its very good development path. The EU has a very solid partnership with Mauritius." The grant of EUR 53 million was disbursed as direct general budget support .
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