Overview
The 2020/21 Mauritius Budget (the Budget) entitled, "Our
new normal: the economy of life" has been presented whilst the
country still battles with the impact of Covid-19. It is a tricky
balancing act: restarting an economy that has almost been brought
to a standstill following the pandemic, whilst having to boost
badly affected revenues.
The government's strategy to create a platform for
sustainable growth in a "new normal" world is
commendable. Additional measures announced in the Budget, such as
those aimed at attracting foreign talent, will also help to boost
the development of emerging sectors such as Fintech.
In relation to the financial services sector, the commitment to
ensure compliance with international norms is critical, and
embracing diversification through innovative technology and
financial products will ensure that we have a competitive edge. The
target has been set: the jurisdiction needs to thrive in the
"new normal" beyond merely
