Mauritius: African Development Bank helps build sustainable infrastructure and economic resilience | African Development Bank

The Board of Directors of the African Development Bank Group approved the Mauritius Country Strategy Paper for 2022-2027 and the implementation of the identified priority development areas on 15 December 2022 in Abidjan. In addition to building economic resilience by improving the business environment and high-value-added manufacturing, the bank plans to focus its development efforts on sustainable infrastructure and environmental protection.

“The main objective of the new Country Strategy Paper is to support Mauritius’ ambitions to become a high-income country by 2030 through a more productive, sustainable, inclusive and resilient economy by leveraging the country’s full potential in terms of to further unlock agriculture, information and communication technology, finance and the blue economy to move up the value chain,” said Leila Mokaddem, Director General of the African Development Bank for Southern Africa.

The Bank is committed to private sector development to promote and build a more productive, sustainable, inclusive and resilient Mauritian economy. It will support major economic, regulatory and institutional reforms to reduce operational costs and create a more attractive environment for private investment.

The African Development Bank will help create an enabling environment for agribusiness, innovation and skills to improve employability, especially for youth and women, and better prepare the workforce for future job challenges. It will also help improve the competitiveness of the economy.

Another priority area for the Bank is to help eliminate bottlenecks that increase production costs and hamper business competitiveness. The focus will be on infrastructure development, particularly in the energy, water and transport sectors.

The Bank will support the strategic development and enhancement of cost-effective infrastructure to enhance Mauritius’ regional and international connectivity and competitiveness. Support to the energy sector will focus on transforming the country’s energy mix to facilitate the transition to green energy and on the implementation of the 2030 National Renewable Energy Roadmap.

The Bank will consider climate change resilience in infrastructure projects to increase sustainability and help the country reduce hydro-meteorological impacts on infrastructure.

As of September 30, 2022, the African Development Bank Group’s active portfolio in Mauritius consisted of five operations with a budget of $262.29 million.