The Economic Development Board (EDB) of Mauritius signed a
Memorandum of Understanding (MoU) on 12 May with the Qatar
Financial Centre Authority (QFCA) aimed at promoting collaboration
in areas of mutual interest including financial sector cooperation
and skills enhancement.
The MoU marks a significant step towards fostering closer ties
between Mauritius and Qatar in the financial services sector. Under
the MoU, the QFCA and EDB Mauritius will foster the creation of a
community between the fintech ecosystems of Qatar and Mauritius,
which will support fintech initiatives in banks and other regulated
financial institutions in both countries.
They will further assist each other in fast-tracking fintech
development by providing institutional support for entities setting
up in each other's jurisdictions, sharing best practices to
advance Islamic finance and joint promotion through round table
events, conferences, seminars and other activities.
