The World Bank Country Director for Mauritius, Mr Mark Lundell, paid a courtesy call on the Prime Minister, Minister of Home Affairs, External Communications and National Development Unit, Minister of Finance and Economic Development, Mr Pravind Kumar Jugnauth, yesterday afternoon at the New Treasury Building in Port Louis.
Discussions focused on main areas where World Bank partnership is active, namely Ocean economy, Nine Year Continuous Basic Education reform, financial sector regulations, water sector, as well as the role of Mauritius in providing knowledge, finance and investment capital to other countries in the African region.
In a statement following the courtesy call, Mr Lundell said that the meeting with the Prime Minister focused less on the Mauritian economy and more on the potential for investments in different sectors, specifically in the ocean economy and its subsectors such as aquaculture, marine and ocean-based energy, ports and logistics.
“The dimension was not so much on the volume of growth, which we are very optimistic about for the future, but more on the types of sectors which have investment potential”, he added.
Mr Lundell is the World Bank Country Director for Comoros, Madagascar, Mauritius, Mozambique and Seychelles. He is based in Maputo, Mozambique.
Mauritius benefits from the World Bank support by way of knowledge activities as well as technical assistance. Since regional integration forms part of Mauritius overall development strategy, the World Bank has been supporting the country to achieve its regional priorities, including Ocean economy, which aims at making sustainable use of ocean resources.
The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.