Africa-Press – Mauritius. The Toolkit on the Mauritius International Financial Centre (IFC), geared to be a useful tool for the promotion and development of the financial services sector was launched, today, by the Minister of Financial Services and Good Governance, Mr Mahen Kumar Seeruttun.
The Minister of Land Transport and Light Rail, Minister of Foreign Affairs, Regional Integration and International Trade, Mr Alan Ganoo, was present. The launch event was held at the seat of the Ministry of Foreign Affairs, Regional Integration and International Trade, in Port Louis. The UN Resident Coordinator, Mrs Christine Umutoni, and stakeholders of public and private bodies were also in attendance.
Speaking on the occasion, Minister Seeruttun pointed out that this reference guide has been designed to support High Commissioners and Ambassadors in their committed endeavours to showcase to the international community the unique attractiveness and competitiveness of the jurisdiction of Mauritius.
He recalled that amid the COVID-19 pandemic, the Financial Services Sector continued to serve markets positively. As regards the efforts to ensure the success story of the IFC, he indicated that innovative and financial products and services are continuously being reviewed for more competitiveness in meeting the requirements of sophisticated clientele.
The adoption of the Variable Capital Companies Bill at the National Assembly, yesterday, was also highlighted by the Minister. “Our missions abroad have a pivotal role to play as the first point of call for investors to channel foreign direct investment into Mauritius”, he said while highlighting, “it is our duty to ensure that we are providing our embassies with the correct resources and information for them to succeed on investment and financial services promotion”.
Minister Ganoo, for his part, commended the Ministry of Financial Services and Good Governance for this laudable initiative in producing the Toolkit. This Toolkit is tailor-made for Ambassadors, High Commissioners and diplomatic officers by providing a practical and easy to use guide to missions to disseminate information on the financial services sector to foreign investors and foreign institutions, he said.
The Minister emphasised that the toolkit which is a very dynamic document will be updated on a regularly basis and will be immediately disseminated to all missions abroad for them to continue engaging with the international community as Mauritius ambitions to become an international financial services hub for the region and beyond.
He further pointed out that the toolkit comes at an opportune time with the impact of the COVID-19 pandemic and the situation which got exacerbated due to the Ukraine-Russia conflict.
He also spoke of the concerted efforts of both Ministries in removing Mauritius from the Financial Action Task Force list of jurisdictions under increased monitoring, the European Union’s list of high-risk third countries and the United Kingdom’s high-risk list. After the removal from the lists, the outlook is very positive for the financial services sector, he added.
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