The objective is to attract two million tourists in the next 10 years. This multi-pronged strategy is expected to inject still greater resilience into our economy to enable us to face further external shocks that are beyond the horizon. Allow me to dwell briefly on monetary policy in Mauritius.
Over the years, the Bank of Mauritius, like most central banks on the continent, went through a phased programme of monetary policy reforms. It switched from direct to indirect monetary control. This was in line with the general move towards increased reliance on market forces, economic liberalisation and regulation and away from directives, controls and subsidies. Exchange controls disappeared more than twelve years ago.