Just two days ago, at the press conference following the Monetary Policy Committee Meeting, I underlined the unprecedented challenges that have stemmed from the onset of the COVID-19 pandemic since March 2020. These challenges prompted the Bank of Mauritius to swiftly introduce its COVID-19 Support Programme.
It contained a series of both conventional and unconventional measures to support businesses, households and individuals financially impacted by the pandemic. Another milestone solution was the establishment of the Mauritius Investment Corporation Ltd. Through a bold array of measures, the Bank of Mauritius has contributed to salvaging the economy, saving jobs and shielding businesses, especially systemic corporates, against the economic backlash of the pandemic.