THE SEQUENCING OF FINANCIAL REFORMS AND BANK-BASED FINANCIAL DEVELOPMENT IN MAURITIUS

Sa？etak This paper presents the sequencing of the financial reforms and financial sector development in Mauritius. With the aid of selected data from the World Development Indicators and the Financial Structure database, the paper also gives an analysis of the resultant changes (due to reforms) in the banking sector of Mauritius during the post-financial reform period. Inclinations show increased financial development, which can mainly be explained by increased personal credit, deposits and financial products, and increased bank competition. The maintenance of a stable macroeconomic environment, as well as a strong prudential regulation and supervision landscape, are some of the factors that have enabled financial development to become a success in Mauritius