As mentioned earlier, during this first phase the Eurosystem aimed to keep the overall level of refinancing provided to the banking sector at levels close to those prevailing just before the turmoil (roughly around EUR450 bn).
A well-functioning bond market will help to create more growth and stability, not only in Mauritius, but also in the region. As we all know, a deep and liquid bond market is a key component of a thriving financial centre. An efficient and mature bond market contributes directly to macroeconomic and financial stability.