Longer term, a number of issues arise that are the subject of intense work in the central banking and supervisory community. Arrangements for the provision of liquidity by central banks have been changing in response to the events of the past eight months, but it is likely that there will be continued discussion about whether further refinements might be sensible.
The opportunities for leveraging off our financial services skills and expertise, in the region and beyond, are potentially enormous. The financial sector in Mauritius is an important contributor to national output, employment, economic growth and development. The sector accounts directly for around 10.0 per cent of GDP, and employs directly around 12,000 people or 4.0 per cent of total employment.