An International Monetary Fund (IMF) mission has concluded its 2026 Article IV consultation in Mauritius on Monday, May 4, noting economic resilience but warning of rising fiscal and external risks amid global uncertainty and the war in the Middle East.
Led by Mariana Colacelli, the team reported that Mauritius recorded 3.2 per cent growth in 2025, driven by strong performance in tourism and financial services, though growth is expected to slow to 2.8 per cent in 2026 due to weakened global conditions.
Inflation, which eased earlier in 2026 within the Bank of Mauritius’ target range, is projected to rise again due to higher global fuel and food prices before stabilising in 2027.
The IMF warned that public debt remains elevated at around 88 per cent of GDP, urging authorities to rebuild fiscal buffers through stronger revenue mobilisation and controlled spending, while maintaining targeted support for vulnerable groups.
The report also called for safeguarding monetary policy independence, strengthening financial oversight, and advancing structural reforms to boost productivity, investment and climate resilience.
While macro-financial risks remain broadly contained, the IMF highlighted vulnerabilities linked to global financial conditions, real estate exposure and cross-border activity, stressing the need for continued vigilance and reform momentum.