Africa-Press – Mauritius. Some voices have already been heard and more questions are likely to be raised about what the Mauritius Investment Corporation (MIC), set up by the Bank of Mauritius as a Special Purpose Vehicle under its aegis with contributions of dozens of billions drawn from the Special Reserves of the Central Bank, has been up to as regards the disbursements of those huge funds to major, systemic “distressed companies” and the conditionalities attached thereto.
These questions have become more pertinent in the wake of the impacts of the conflict in Ukraine on the global economy, still reeling from the disruptions and devastating consequences of the Covid pandemic, and is now feeling the effects of slower growth and faster inflation, whilst here consumers are already feeling the pinch as the continuing conflict has inflated the cost of petrol and other essential commodities, putting a further squeeze on their cost of living and fuelled apprehensions about food security in the months ahead.
Matters were not made any easier with recent heavy periodic downpours which have caused a soaring rise in vegetable prices, increasing the pressures on family budgets.
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