Thursday, May 7, 2009

Failed By Their Own Standards

Sithanen's bean-counting reforms were supposed to set the stage for robust growth and reduce poverty. Instead, and as expected, it will produce the worst economic performance in at least a couple of decades. When we go to vote average growth will likely slump to at about 4.26% compared to 4.33% for the medpointers (we are assuming growth rates of 2.5% and 4% for 2009 and 2010) while average inflation is expected to increase to at least 7.87% (if inflation rates for 2009 and 2010 are 7% and 5% respectively) or if you prefer 54% more than the rate Federation II delivered.

More importantly Mansoor and Sithanen have made Mauritius a more vulnerable and unequal country, soured industrial relations and did not solve even one major problem. They have failed miserably.


Kranti said...

If really Michael Ali Mansoor is what Sithanen claims he is, he should be paid 3-4 times more than what Sithanen receives as remuneration; he is supposedly at the root of the so-called reforms in the economy. He should have been awarded the GCSK as he is alone operating an infirmary as huge as WB and IMF in Mauritius!

On the other hand, as the economy has badly failed,he should be made to leave 3-4 times quicker than Sithanen... Well, Sithanen should be about to leave (la bouche secteur prive fine bien rempli avec bannes mesures Sithanen-Ali Mansoor); Michael should have left long before.

Sanjay Jagatsingh said...

When is the next flight to Washington?