The structure of my talk today will be as follows: In the first part, I begin with a thumb-nail sketch of the Mauritian economy to provide some context. In the second part of my presentation, I focus on some of the important financial and economic reforms that Mauritius is now embarked upon.
The third part addresses some of the challenges emerging from globalization for a small country. Finally, I touch upon the monetary policy challenges stemming from unprecedented capital flows for a small open economy. This is a subject which is exercising my mind considerably, causing sleepless nights and swallowing in large gulps the reserves at my disposal as Governor of the Bank of Mauritius.