Friday, February 27, 2009

Shouldn't FDI Numbers be Adjusted?

The Finance Minister mentioned in a press conference yesterday that FDI for 2008 was Rs11.4 billion. I just wanted to know whether that figure includes money that left the country in relation to the twin hedging mess at Air Mauritius and the State Trading Corporation. If not what is the adjusted number and who signed the cheque and when.

The other thing I don't understand is how come the cumulative inflation rate from July 2005 to December 2008 is 29.85% although he claims we received some Rs30 billion over the same period. Is there some special economic rule that no one but him is aware of that for every Rs1 billion FDI that we receive we should also get 1% inflation?

No comments: