The World Bank on Thursday approved a Development Policy Loan (DPL) of USD30 million for Mauritius.
The loan is being granted by the International Bank for Reconstruction and Development (IBRD) under the Trade and Competitiveness programme, and will support on-going reforms to increase growth and competitiveness.
The Development Policy Loan forms part of the financial support provided by the World Bank through a series of three Development Policy Loans, of which this is the second.
It will support the Government's economic reform programme, with specific measures aiming at improving public sector efficiency and fiscal performance, strengthening trade competitiveness, improving investment climate and democratising the economy.
The first Development Policy Loan of $30 million was disbursed in 2006.
The World Bank initiative is expected to support Mauritius as it transitions
from dependence on trade preferences to open competition in the global economy.
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment