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Accounting and Finance

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Contents

Overview of Mauritius Financial Sector 3

Private-Public and Partership Enterprises 4

Financial and Banking System 5

Role played by the Banking Sector in Mauritius Financial System 5

Mauritius Household 6

Small Medium Enterprises 7

Review of the Banking Sector and Its Importance in the Growth of Mauritius Financial System 8

Study Design, Research Approach, and Methods 9

References 11

Overview of Mauritius Financial Sector

In African economic reform, Mauritius has developed itself as an established country by successfully transforming its segment of lower-income into the segment of the country’s upper-income (Adam, 2010). The development of business environment lays the fundamentals of strong political stability by utilizing the effective preferences of trade especially within India and Europe states. This preference has enabled Mauritius in developing the policies and regulations which ultimately developed their economic structure. Initially, the economy of Mauritius depends over the returns generated by Sugar Industry which contributes significantly in Mauritius GDP (African Dept, 2014).

Since then, the economy of Mauritius has been expanded through financial services, tourism, communication and information technology, and textiles. In order to develop the distribution process a benevolent social welfare system from growth rates of higher economic return (Betchoo, 2014). Around one percent of overall population of Mauritius in considered as poor, whereas, remaining portion of its population is considered as having well living lifestyle. For the purpose of another crucial transaction, Mauritius is positioning itself to improve its overall economic structure (Dabee and Greenaway, 2001).

During the global economic downturn, the economy of Mauritius has avoided the economic recession by implementing various effective and efficient foreign and local...