I therefore decided – against quite some opposition – to create a division within the Bank, dedicated to payment system issues, as is the practice in most central banks. The establishment of the MCIB – Mauritius Credit Information Bureau – under the aegis of the Bank of Mauritius, was a key element of our FMI.
MCIB is a public registry of borrower information and provides factual information on the creditworthiness of borrowers. It  BIS central bankers’ speeches  5  improved the provision of credit information. It was also instrumental in lowering the ratio of non-performing loans in banks. In other words, it improved the quality of banks’ loan portfolio.