When we recall that COMESA is a grouping of 19 countries, with a population of 425 million, a GDP of USD345 billion, and an external trade of USD200 billion, you wonder why we at the Bank of Mauritius have had so much difficulty in getting equipped to deliver on this commitment.
Corrections in interest rates and asset values may have the most potential for disruption when they impair the financial health of borrowers and lenders and thereby cause them to pull back even further than might be warranted by the change in rates or prices. In that regard, we have some reason to be optimistic that the players are well positioned to absorb these adjustments.