However, it is telling that, despite these developments, competitiveness effects were less important than the drag coming from market structure.3 Our exports are concentrated in slowgrowing advanced economies, particularly the United States, rather than fast-growing emerging markets.
The current exercise will also provide the Bank with a more structured approach to assess the safety and soundness of banks in Mauritius. It will equally help the Bank in the allocation of its supervisory resources according to the different risk levels. It will provide our supervisors with the tools to have a comprehensive and forward-looking view of risks faced by our licensees.