Saturday, September 17, 2011

Mauritian Interest Rate Spreads Hurting Our Competitiveness

According to the recently published World Competitiveness Index 117 out of 142 countries have better interest rate spreads than Mauritius. Mugabe's are 19 spots lower while Canada's are 101 spots higher. Mauritius was ranked 113/134 in 2007.

We are not world-beaters either when it comes to the savings rate. 97 countries had better savings rates than us last year. Compare that with a couple of years ago when only 24 countries had higher savings rates. 

On dit merci qui?

6 comments:

akagugo said...

This guy must be among the ones scrambling to get to say 'merci' first...

Sanjay Jagatsingh said...

"La croissance est beaucoup plus importante."

Hein, eski linflasyon se kuma fimier pul ki krwasans bizin pu vinn pli for?

akagugo said...

Bolom-nwel inn pass bien bonerr kott MCB: 4.5 miliar profi siouplé!
The CE Pierre Guy Noël sums it up in these words: « Un résultat qui démontre la résilience du groupe dans un contexte difficile »
Will someone ever (have the guts to) question him on the effect of spreads they practice on their profitability?

akagugo said...

Another rating analysed differently...
Some things will never change, they say.
Unless a dose of this might help...?

Sanjay Jagatsingh said...

Wai, ti bizin met zot lor enn ladiet sampyon pu zot kav fer bann kontribisyon positif.

Enplis kav sot sa a lay jaldi jaldi tu aster.

Sanjay Jagatsingh said...

CEO of FAIL group worried about competitiveness and productivity. Wish he had been more specific. Still 5-6% growth will not do it with the present fiscal mix. That's what we were making on average before the LP began implementing trickle-down economics in 2006.