The interim government has made a firm commitment that it would bring that down to below 50 percent of GDP and we wish them well in that endeavour. BIS Review 130/2007  1  Balance of payments However, the balance of payments remains a concern basically because of the poor performance of our tradition exports.
Several months back I had a working session with the Board of Directors of your bank wherein I outlined the various parameters set in the Bank of Mauritius guideline on Corporate Governance. I am pleased to note that your Board of Directors has initiated corrective actions.