Let me reaffirm that, as a trusted partner in economic development, the Bank of Mauritius is committed to promoting the development and efficiency of all markets, whether the foreign exchange market or the domestic money market and we keep a watchful eye on the stock market and other asset markets. We see a need to add greater depth to the market.
Central banks and governments share the responsibility to facilitate and promote the development of local bond markets, remove market friction and unnecessary restrictions, and provide an environment that is conducive to both supply and demand, that is to both the issuers and investors. Bond market development has been targeted by the central bank over the past years through various initiatives.