Ken Poonoosamy Editorial for budget newsletter 2023/24
2 Juin 2023
The Economic Development Board (EDB) is the leading Government agency mandated to provide strong institutional support for strategic economic planning and to promote Mauritius as an attractive investment and business centre, a competitive export platform as well as an International Financial Centre (IFC). The EDB is a corporate body set up under the Economic Development Board Act 2017 and operates under the aegis of the Ministry of Finance, Economic Planning & Development.
The overarching objective of the EDB is to ensure greater coherence and effectiveness in implementing policies and draw the vision for the economic development path to be adopted to reach a high-income economy status, through sustainable and inclusive growth, whilst ensuring economic independence. The EDB also acts as the main institution responsible for country branding for investment promotion, to facilitate both inward and outward investment and ensure a conducive business environment.
As an apex statutory body, the EDB synergizes efforts across all ministries and with private stakeholders to meet the set goals. The EDB is responsible to drive research projects and lead initiatives with other stakeholders and address issues such as mismatch in the education and labour system; the impact of an ageing population; the adoption of technology and innovation; infrastructural development; and the opening of the economy, amongst others.
The business facilitation agenda of the EDB will, on the other hand, ensure that projects are swiftly implemented by ensuring that timeframes are respected by licensing authorities. EDB will ensure that no undue delay is caused due to unnecessary and overly burdensome administrative procedures. The national e-licensing platform is being implemented to curtail inefficiencies and provide more certainty to the business community.
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