In the post-international financial crisis years, the growth performance of the Mauritian economy also has been roughly half the rate it used to be. If anyone of us wonders why we are stuck with a growth rate of around 3 per cent for the past several years, I would ask him to cast his mind back to the 1980s.
I am therefore glad to see so many participants from the region here today. Reserves management Reserve management, as you will no doubt know, is a complex set of processes, guidelines and strategies. They are made more complex by the financial crises that seem to be happening now and then in the global financial markets.