Harvesh Seegolam: “The independence of the Central Bank is a sacrosanct principle”

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In order to stem the crisis, the Bank of Mauritius had to adopt a range of conventional and unconventional solutions. Because it was necessary to act urgently, to consult together and find real solutions to unprecedented problems. This is in essence what the Governor of the Bank of Mauritius, Harvesh Seegolam, told Business Magazine. Commenting on the recommendations of the International Monetary Fund (IMF) that the Mauritius Investment Corporation should come under state control and be financed by fiscal policy, he argues that at this stage it is imperative to retain the institution as a subsidiary of the Bank of Mauritius so that it can support systemic and viable businesses affected by the pandemic and create wealth for generations to come. It is on the cover of Business Magazine, this Wednesday, July 21, an accompanying issue of Lifestyle magazine, available at the usual points of sale and to consult in digital version in the Kiosk space of business-

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