Mauritius battles slowing growth and rising debt with reforms aimed at boosting FDI, innovation, and long-term resilience.
The country’s prime minister, Navin Ramgoolam, must calm unrest and debt while steering the island toward diversification and renewal.
Mauritius has long been recognized for its reputation for stability in socio-economic development. Business-friendly policies and reforms fueled its growth, which mainly came from traditional sectors such as financial services, tourism, sugar, and textiles.
Today, these sectors are floundering, and the island nation of 1.26 million people faces a wave of challenges, creating a sense that it cannot be business as usual.
A decline in FDI, a 15% tariff imposed by the Trump administration, and a labor shortage driven by an aging population are exacerbating an already challenging situation.
Author's summary: Mauritius faces challenges.