{"id":20209,"date":"2025-01-22T14:19:44","date_gmt":"2025-01-22T10:19:44","guid":{"rendered":"https:\/\/edbmauritius.org\/?post_type=newsroom&#038;p=20209"},"modified":"2025-01-22T14:29:25","modified_gmt":"2025-01-22T10:29:25","slug":"financial-services-a-driver-of-economic-growth-and-prosperity","status":"publish","type":"newsroom","link":"https:\/\/edbmauritius.org\/fr\/newsroom\/financial-services-a-driver-of-economic-growth-and-prosperity","title":{"rendered":"Financial Services: A driver of economic growth and prosperity"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"20209\" class=\"elementor elementor-20209\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-da572b1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"da572b1\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6846a6e\" data-id=\"6846a6e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5d0c394 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"5d0c394\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>The financial services sector is a major contributor to the Mauritian economy and is a driver of growth and prosperity. It is therefore imperative to address issues and challenges in the industry so as to further enhance its growth and competitiveness on the international front.<\/p><p>This was the gist of the statement of the Minister of Financial Services and Economic Planning, <strong>Ms Jyoti Jeetun,<\/strong> yesterday in Eb\u00e8ne, during a presentation by the University of Mauritius (UoM) on the Economic impact assessment of the Financial Services sector in Mauritius.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0c7b1e elementor-widget elementor-widget-image\" data-id=\"a0c7b1e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/edbmauritius.org\/wp-content\/uploads\/2025\/01\/EDB_5094.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"EDB_5094\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MjAyMTMsInVybCI6Imh0dHBzOlwvXC9lZGJtYXVyaXRpdXMub3JnXC93cC1jb250ZW50XC91cGxvYWRzXC8yMDI1XC8wMVwvRURCXzUwOTQuanBnIn0%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"640\" height=\"427\" src=\"https:\/\/edbmauritius.org\/wp-content\/uploads\/2025\/01\/EDB_5094-1024x683.jpg\" class=\"attachment-large size-large wp-image-20213\" alt=\"\" srcset=\"https:\/\/edbmauritius.org\/wp-content\/uploads\/2025\/01\/EDB_5094-1024x683.jpg 1024w, https:\/\/edbmauritius.org\/wp-content\/uploads\/2025\/01\/EDB_5094-300x200.jpg 300w, https:\/\/edbmauritius.org\/wp-content\/uploads\/2025\/01\/EDB_5094-768x512.jpg 768w, https:\/\/edbmauritius.org\/wp-content\/uploads\/2025\/01\/EDB_5094-1536x1024.jpg 1536w, https:\/\/edbmauritius.org\/wp-content\/uploads\/2025\/01\/EDB_5094-18x12.jpg 18w, https:\/\/edbmauritius.org\/wp-content\/uploads\/2025\/01\/EDB_5094.jpg 2048w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6c30464 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6c30464\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-634e2f6\" data-id=\"634e2f6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ad99eb4 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"ad99eb4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The objective of the study was to estimate the direct, indirect, induced and catalytic effects of the industry on economic output, employment and other economic indicators. A survey of 803 respondents from the financial services sector was conducted as well as in-depth interviews with 40 employers from different firms.<\/p><p>The Minister commended the spirit of collaboration between the academic world and the industry while expressing optimism that this cooperation will continue with Government and the financial services sector in terms of research and analysis.<\/p><p>\u201cIt is imperative to come up with a Key Performance Indicator for the sector for the next five years to boost growth and competitiveness\u201d, she said.<\/p><p>Speaking about the issues and challenges in the industry, Minister Jeetun dwelt on operational inefficiency in some Government sectors. It is of utmost importance that the sector becomes service-oriented for the operators while ensuring that internal systems are tuned to the international client\u00e8le, she said.<\/p><p>The lack of skilled resources was another issue she touched upon. She underlined the need for capacity building and finding ways and means to attract the Mauritian diasporas back so that they can participate in the economic development of the country. She also underlined the necessity of enhancing the regulatory framework by making it more facilitative and creating more services and products.<\/p><p>As regards branding and visibility, Minister Jeetun underscored the need to showcase where Mauritius is today so as to attract more clients. \u201cWe have to reinvent ourselves to remain competitive and achieve growth\u201d, she concluded.<\/p><p><strong>Presentation and Question-and-Answer Session<\/strong><\/p><p>Professor and Dean of the Faculty of Law &amp; Management at the UoM, <strong>Dr Boopen Seetanah<\/strong>, presented the study on the key \u013aeconomic impacts of the financial services sector in Mauritius. He discussed both direct and indirect contributions of the sector to employment and the economy.<\/p><p><strong>Dr Verena Tandrayen-Ragoobur<\/strong>, Professor and Dean of the Faculty of Social Sciences and Humanities, UoM, provided an in-depth analysis of the sector&#8217;s effects, including direct, induced, and catalytic contributions.<\/p><p>During the Question-and-Answer session, Minister Jeetun thanked the stakeholders from the industry for their pertinent and valuable comments and encouraged the authors to consider the inputs to enrich the findings of the report.<\/p><p><em>Source : GIS Mauritius<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d81dd42 elementor-section-boxed elementor-section-height-default 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elementor-element elementor-element-9ec72d2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9ec72d2\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fa83f26\" data-id=\"fa83f26\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3f37a8b elementor-widget elementor-widget-heading\" data-id=\"3f37a8b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h5 class=\"elementor-heading-title elementor-size-default\">Share this article<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80b6ca8 elementor-share-buttons--view-icon elementor-share-buttons--skin-flat elementor-share-buttons--shape-circle social_share elementor-grid-0 elementor-share-buttons--color-official elementor-widget elementor-widget-share-buttons\" data-id=\"80b6ca8\" data-element_type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/edbmauritius.org\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-share-buttons.min.css\">\t\t<div class=\"elementor-grid\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_linkedin\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on linkedin\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-linkedin\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_facebook\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on facebook\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-facebook\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256C504 119 393 8 256 8S8 119 8 256c0 123.78 90.69 226.38 209.25 245V327.69h-63V256h63v-54.64c0-62.15 37-96.48 93.67-96.48 27.14 0 55.52 4.84 55.52 4.84v61h-31.28c-30.8 0-40.41 19.12-40.41 38.73V256h68.78l-11 71.69h-57.78V501C413.31 482.38 504 379.78 504 256z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_twitter\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on twitter\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-twitter\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_email\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on email\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fas-envelope\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M502.3 190.8c3.9-3.1 9.7-.2 9.7 4.7V400c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V195.6c0-5 5.7-7.8 9.7-4.7 22.4 17.4 52.1 39.5 154.1 113.6 21.1 15.4 56.7 47.8 92.2 47.6 35.7.3 72-32.8 92.3-47.6 102-74.1 131.6-96.3 154-113.7zM256 320c23.2.4 56.6-29.2 73.4-41.4 132.7-96.3 142.8-104.7 173.4-128.7 5.8-4.5 9.2-11.5 9.2-18.9v-19c0-26.5-21.5-48-48-48H48C21.5 64 0 85.5 0 112v19c0 7.4 3.4 14.3 9.2 18.9 30.6 23.9 40.7 32.4 173.4 128.7 16.8 12.2 50.2 41.8 73.4 41.4z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn elementor-share-btn_whatsapp\"\n\t\t\t\t\t\t\trole=\"button\"\n\t\t\t\t\t\t\ttabindex=\"0\"\n\t\t\t\t\t\t\taria-label=\"Share on whatsapp\"\n\t\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-whatsapp\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M380.9 97.1C339 55.1 283.2 32 223.9 32c-122.4 0-222 99.6-222 222 0 39.1 10.2 77.3 29.6 111L0 480l117.7-30.9c32.4 17.7 68.9 27 106.1 27h.1c122.3 0 224.1-99.6 224.1-222 0-59.3-25.2-115-67.1-157zm-157 341.6c-33.2 0-65.7-8.9-94-25.7l-6.7-4-69.8 18.3L72 359.2l-4.4-7c-18.5-29.4-28.2-63.3-28.2-98.2 0-101.7 82.8-184.5 184.6-184.5 49.3 0 95.6 19.2 130.4 54.1 34.8 34.9 56.2 81.2 56.1 130.5 0 101.8-84.9 184.6-186.6 184.6zm101.2-138.2c-5.5-2.8-32.8-16.2-37.9-18-5.1-1.9-8.8-2.8-12.5 2.8-3.7 5.6-14.3 18-17.6 21.8-3.2 3.7-6.5 4.2-12 1.4-32.6-16.3-54-29.1-75.5-66-5.7-9.8 5.7-9.1 16.3-30.3 1.8-3.7.9-6.9-.5-9.7-1.4-2.8-12.5-30.1-17.1-41.2-4.5-10.8-9.1-9.3-12.5-9.5-3.2-.2-6.9-.2-10.6-.2-3.7 0-9.7 1.4-14.8 6.9-5.1 5.6-19.4 19-19.4 46.3 0 27.3 19.9 53.7 22.6 57.4 2.8 3.7 39.1 59.7 94.8 83.8 35.2 15.2 49 16.5 66.6 13.9 10.7-1.6 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prosperity.<\/p>","protected":false},"author":3,"featured_media":20219,"comment_status":"closed","ping_status":"closed","template":"","meta":{"post_views_count":0,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[10,16],"tags":[33],"class_list":["post-20209","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","category-conference","category-financial-services","tag-featured"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edbmauritius.org\/fr\/wp-json\/wp\/v2\/newsroom\/20209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edbmauritius.org\/fr\/wp-json\/wp\/v2\/newsroom"}],"about":[{"href":"https:\/\/edbmauritius.org\/fr\/wp-json\/wp\/v2\/types\/newsroom"}],"author":[{"embeddable":true,"href":"https:\/\/edbmauritius.org\/fr\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/edbmauritius.org\/fr\/wp-json\/wp\/v2\/comments?post=20209"}],"version-history":[{"count":7,"href":"https:\/\/edbmauritius.org\/fr\/wp-json\/wp\/v2\/newsroom\/20209\/revisions"}],"predecessor-version":[{"id":20225,"href":"https:\/\/edbmauritius.org\/fr\/wp-json\/wp\/v2\/newsroom\/20209\/revisions\/20225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edbmauritius.org\/fr\/wp-json\/wp\/v2\/media\/20219"}],"wp:attachment":[{"href":"https:\/\/edbmauritius.org\/fr\/wp-json\/wp\/v2\/media?parent=20209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edbmauritius.org\/fr\/wp-json\/wp\/v2\/categories?post=20209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edbmauritius.org\/fr\/wp-json\/wp\/v2\/tags?post=20209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}