Quota reform While the Fund’s Medium Term Strategy has several complementary elements, the centre piece is still the issue of quota and voice reform. It was heartening to see that some progress is being made as reported in the communiqué of the International Monetary and Financial Committee (IMFC) following the 2007 Spring meetings.
Human resource infrastructure The scarcity of skilled manpower could inhibit the development of the financial sector. In this regard the Mauritian authorities have, rightly so, opened up the island to foreign talent. In addition, tertiary institutions have been designing a range of courses to meet the exigencies of the financial sector in terms of labour requirements.