Skip to main content

Mauritian central bank to use $2 billion of reserves to fund firms

Central bank will also issue debt instruments to give government $1.5 billion in new funding

Harvesh Seegolam
Harvesh Seegolam, governor of the Bank of Mauritius
Bank of Mauritius

The Bank of Mauritius will use up to $2 billion of its foreign exchange reserves to directly support large firms damaged by the coronavirus pandemic.

The central bank will also issue instruments in its own name to provide the government with another $1.5 billion in funding, governor Harvesh Seegolam said at the end of May.

Seegolam said the central bank is “resorting to this issuance for the reason that there is and will be ample rupee liquidity on the market”.

He added: “These monetary

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.