A New Mauritius: A Vision for Transformation
Government Programme
‘Mauritius must move forward, breaking free from political stagnation, economic limitations, and social decay’
On February 7, 2025, Jyoti Jeetun, Minister of Financial Services and Economic Planning, delivered a landmark address to the National Assembly, outlining the Government Programme for 2025-2029. Her speech, a blend of personal reflection and national vision, served as a call to action for a “New Mauritius,” one characterized by economic resilience, social justice, and a renewed sense of national purpose. Jyoti Jeetun’s address acknowledged the nation’s current challenges, from economic stagnation and failing infrastructure to eroding public trust and a talent drain, while simultaneously presenting a comprehensive plan for transformation. This introduction sets the stage for a deeper dive into the key themes of her speech, including economic revitalization, strengthening the financial services sector, addressing the talent crisis, and restoring trust in public institutions, all culminating in a vision for a prosperous and equitable future for Mauritius.
A Personal Journey Reflecting National Aspirations
Jyoti Jeetun’s journey, from humble beginnings in Triolet to holding a key ministerial position, epitomizes the transformative power of education and perseverance. Her personal experience mirrors that of many Mauritians — facing socio-economic challenges yet propelled by determination and ambition. This connection between personal growth and national development set the tone for her call to action: Mauritius must move forward, breaking free from political stagnation, economic limitations, and social decay.
Despite past achievements, Jyoti Jeetun highlighted the pressing issues facing Mauritius today:
- A faltering economy with high inflation and a cost-of-living crisis.
- Failing infrastructure, an unreliable water supply, and an overburdened healthcare system.
- An energy sector on the brink of collapse and a transportation network marred by high fatality rates.
- Erosion of public trust in institutions due to nepotism, corruption, and lack of transparency.
- Brain drain, with young, talented Mauritians leaving for better opportunities abroad.
These challenges demand bold, decisive action. The people, she declared, have voted for change, for an end to moral and economic decay, and for a government that delivers on its promises.
Economic and Institutional Rebuilding
A key pillar of Jyoti Jeetun’s address was the government’s commitment to economic revitalization. The recently maintained but downgraded Moody’s rating (from Stable to Negative) serves as a stark warning. The government has an 18-month window to implement critical reforms to stabilize the economy, reduce deficits, and manage public debt responsibly.
Concrete steps include:
- Fiscal consolidation through increased tax and non-tax revenues.
- Rationalization of government spending while ensuring social support.
- Steering Mauritius away from a consumption-driven economic model toward one rooted in production, innovation, and value creation.
The Ministry of Economic Planning has been reinstated to chart a clear, long-term vision for national development, aligning sectoral policies and resources for sustainable growth. Mauritius must adapt to a rapidly evolving global landscape — post-Covid economic shifts, climate change, technological advancements, and the rise of populism. The government’s vision extends to 2050, with an ambitious roadmap designed to position Mauritius as a resilient and forward-thinking nation.
Strengthening the Financial Services Sector
Jyoti Jeetun underscored the critical role of financial services, now the largest contributor to GDP at 13.8%. The Mauritius International Financial Centre (IFC) holds immense potential but faces operational inefficiencies and reputational challenges. Her Ministry is committed to:
- Enhancing the competitiveness and attractiveness of the financial sector.
- Eliminating bureaucratic red tape and improving service delivery.
- Strengthening anti-money laundering (AML) and counter-financing of terrorism (CFT) frameworks to ensure continued compliance with international standards.
- Expanding trade and financial ties with India while exploring new opportunities in Africa and beyond.
Addressing the Talent Crisis
A significant concern is the exodus of skilled professionals. Jyoti Jeetun acknowledged that Mauritius is in a state of “national emergency” regarding talent retention. The government aims to:
- Implement policies to attract and retain skilled professionals.
- Encourage the return of Mauritian expatriates.
- Foster an education system aligned with the demands of a modern economy.
Restoring Trust and Opportunity
Jyoti Jeetun’s vision extends beyond economics to the very fabric of Mauritian society. She emphasized the need to rebuild trust in public institutions, ensuring integrity, transparency, and fairness. Her vision includes:
- A governance framework that rewards hard work and discourages corruption.
- Support for small businesses, entrepreneurs, and self-employed professionals.
- Equal opportunities for all, regardless of gender, race, or background.
A Grand Mission for a New Mauritius
The Minister’s address concluded with an impassioned call for national ambition and unity. She envisions a Mauritius where:
- The education system equips young people for the future.
- The healthcare system meets the needs of all citizens.
- Governance is based on honesty, decency, and integrity.
- Economic policies drive growth while ensuring social justice.
Jyoti Jeetun urged the nation to embrace this grand mission, to work together to change Mauritius’ narrative, and to write a new chapter of innovation, opportunity, and shared prosperity.
The time for transformation is now. A new Mauritius, built on strong foundations and bold vision, is within reach.
(This article is based on the Minister’s speech in the National Assembly on February 7, 2025.)
Mauritius Times ePaper Friday 14 February 2025
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