On the money side, this relates in particular to marketable instruments, but also to the significant substitution that is taking place between different categories of deposits included in M3. On the credit side, the flow of bank loans to the private sector around the turn of the year was also rather volatile, partly reflecting a possible turn-of-the year effect.
It is my pleasure to welcome you to this workshop on Beneficial Ownership. Allow me first and foremost to express the sincere gratitude of Mauritius to the European Union for the invaluable support provided to competent authorities to implement the ICRG Action Plan and exit the FATF Grey list.