Rundheersing Bheenick: Positive response to the crisis and major financial developments in Mauritius Statement by Mr Rundheersing Bheenick, Governor of the Bank of Mauritius, Port Louis, 14 October 2009. *  *  *  What a period of exceptional turbulence it has been for the finance and banking sector and for globalised economies like that of Mauritius!
The year (FY 08/09) began ordinarily enough, with our focus resolutely on the achievement of price stability especially as inflation threatened to enter double-digit territory. Within a matter of weeks, Lehman Brothers became a household name for all the wrong reasons, engulfing companies, countries and continents far removed from the original epicentre of the crisis in the US subprime market.