We are now considering a proposal from the World Bank for the Government to allow them to issue Mauritian rupee denominated or linked bonds In the end, however, there is only so much that the authorities can – or should – do. Whilst these initiatives add up to the necessary conditions for market development, they are unlikely to prove sufficient on their own.
And, through February, backlogs of orders for nondefense capital goods were still moving up. Another important factor in the outlook for the United States is the likelihood of a continued solid expansion in economic activity abroad.