While taking lessons from the global financial turmoil, the Bank of Mauritius remains committed to its goal of maintaining the soundness and stability of the financial system in Mauritius. Stakeholders should therefore aim at ways to improve access to housing finance in a sustainable way. Ladies and gentlemen, you will concur that affordability remains a major challenge in housing markets in Africa.
Several constraining factors such as poverty, lack of long-term financing, reform in land management system, and the rising cost of building materials are issues that remain to be tackled by all delegates present at this conference. However, it is reassuring to note that lenders are becoming more proactive and experimenting with new products, and that housing microfinance is complementing conventional financing methods.