https://en.sputniknews.africa/20241208/mauritius-faces-deeper-economic-crisis-than-initially-feared-says-new-prime-minister-1069607457.html
Mauritius Faces Deeper Economic Crisis Than Initially Feared, Says New Prime Minister
Mauritius Faces Deeper Economic Crisis Than Initially Feared, Says New Prime Minister
Sputnik Africa
This revelation comes on the heels of Navinchandra Ramgoolam's fourth term as Prime Minister of the Indian Ocean island nation. At 77 years old, he has a... 08.12.2024, Sputnik Africa
2024-12-08T13:24+0100
2024-12-08T13:24+0100
2024-12-08T13:24+0100
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Mauritius is grappling with a more severe economic crisis than previously anticipated, according to the country's new prime minister, Navinchandra Ramgoolam.The premier, who returned to power last month after his Alliance du Changement (ADC) secured a resounding victory in the general elections, made the announcement following an ongoing audit of the nation's public finances.The audit, ordered by Ramgoolam last month, was initiated following his allegations that the previous government manipulated financial data to present a misleadingly positive picture of the economy.He accused the previous administration of creating a false sense of economic prosperity, prompting his decision to take direct control of the finance ministry to assess the full extent of the problem and implement corrective measures.
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politics, indian ocean, east africa, mauritius, prime minister, government, reforms, economy, crisis
Mauritius Faces Deeper Economic Crisis Than Initially Feared, Says New Prime Minister
Muhammad Nooh Osman
Writer/Editor
This revelation comes on the heels of Navinchandra Ramgoolam's fourth term as Prime Minister of the Indian Ocean island nation. At 77 years old, he has a considerable history in Mauritian politics and wasted no time in outlining his immediate priorities, including tackling the rising cost of living affecting Mauritian citizens.
Mauritius is grappling with a more severe
economic crisis than previously anticipated, according to the country's new prime minister, Navinchandra Ramgoolam.
"We’re taking stock of the economy. And what we find is shocking," Ramgoolam told reporters on Saturday in a video statement posted on social media. "It’s much, much worse than we expected."
The premier, who
returned to power last month after his Alliance du Changement (ADC) secured a resounding victory in the general elections, made the announcement following an ongoing audit of the nation's public finances.
The audit, ordered by Ramgoolam last month, was initiated following his allegations that the previous government manipulated financial data to present a misleadingly
positive picture of the economy.
He accused the previous administration of creating a false sense of economic prosperity, prompting his decision to take direct control of the finance ministry to assess the full extent of the problem and implement corrective measures.
