Mauritius - Economic Competitiveness and Resilience Support Program (ECRSP)

The proposed programme aims to support economic diversification and competitiveness with a view to strengthening resilience and achieving more inclusive and sustainable growth. It is a multi-sector program covering agro-industry, fisheries, SME development, energy, climate change and low carbon economy. It will support the Government’s economic policies through wide-ranging climate-friendly business environment and real sector reforms. This will underpin the creation of new jobs and support improvement in economic activity, including by small and medium enterprises (SMEs), in the medium to long term within the framework of Mauritius’s Vision 2030. The program has strong synergies and complementarities with other ongoing and planned Bank operations in agriculture, energy, manufacturing and trade finance. It will help to address diminishing productivity and competitiveness which has led to Mauritius losing a significant share of its export market and will therefore contribute to private sector development. The package of reforms under the ECRSP is organized around two mutually reinforcing and complementary components. Component 1, Enhancing Competitiveness and Private Sector Participation in Key Sectors, to foster a business enabling environment and harness agroindustrial development and fisheries; and Component 2, Enhancing Green Recovery and Climate Resilience, to support accelerating transition to clean energy and strengthening environmental governance.