That experience, together with influential research on monetary policy, convinced the economics profession that maintaining price stability is the best – or even the only – contribution monetary policy can make to promoting a country’s economic and financial well-being. The inflation-targeting regime we have today is an outgrowth of that experience.
In fact, to further improve the effectiveness of our exchange of information mechanism and allow us to provide assistance to our partners in the collection of foreign taxes, Mauritius proposes to become a party to the Convention on Mutual Administrative Assistance in Tax Matters which has been jointly developed by the OECD and the Council of Europe.