The EDB Act
The creation of the Economic Development Board (EDB) was announced in the 2017/18 budget speech by the Prime Minister and Minister of Finance and Economic Development. The objective of this policy measure is to ensure greater coherence and effectiveness in implementing policies and actions, and draw the vision for the economic development path to be adopted for the next 30 years.
Enactment of the Economic Development Board Act 2017:
The implementation of this budgetary measure started with the introduction of the Economic Development Board Bill 2017 in the National Assembly on 19 July 2017. The legislation was enacted as the Economic Development Board Act 2017 on 27 July 2017, through the Government Gazette of Mauritius, No. 71 of 27 July 2017.
Part of the Act was proclaimed on 5 August 2017 to allow the establishment of the EDB and appointment of the Chairperson and other members of the Board. The remaining sections of the EDB Act was proclaimed on 30 December 2017 which provides for the coming into operation of the EDB on 15 January 2018.
On this date, the Board of Investment, Enterprise Mauritius and the Financial Services Promotion Agency cease to exist.