Innovating And Transforming The Mauritius IFC of 2030 – A Blueprint For Success

IFCs are loosely defined as locations or cities hosting a collection of financial services providers and facilities with a substantial amount of international activity, in either relative (international vs. domestic) or absolute terms.

 

The summit showcased 8 exhibits to transform the Mauritius IFC of 2030.  Below is an outline of the exhibits.

 

IFC Catergorisation

The first exhibit looked at IFC worldwide and categorized the major cities in the world into categories.  The cities was categorised according to broad vs deep, global vs regional and leading IFS’s.

 

IFC Socio-Economic Contributions 2016

This exhibit investigates the socio-economic contributions of 2016 by looking at business development, human capital, infrastructure, financial sector development, reputation and other.

 

6 Imperatives For Mauritius IFC

There are 6 imperatives that need to be driven for Mauritius to reach its full potential as an IFC.  The 6 imperatives are business enrollment, human capital, financial sector development, infrastructure, reputation and other.

 

Business enrollment entails future-proof Mauritius’ regulatory and tax regimes.  A second focus point is to create simple, user-friendly processes to serve financial institutions (FIs), corporates and HNWIs.

Human capital aim to attract, develop and retain world-class global talent, with a focus on African talent

Financial sector development will focus to attract high-calibre corporates and financial institutions to create real depth and breadth in the IFC

Infrastructure has the goal to enhance living and transport options for expatriates and locals

The imperative of Reputation focus to improve the nature and reach of Mauritius’ reputation by building and communicating its image as a world-class specialist IFC with deep institutional and national relationships

 

The Cross-Border Investment Landscape

The cross-border investment landscape focus firstly on investment structures for purpose of investing or debt financing outside Mauritius and secondly on management companies providing set up and administrative services to investment structures.

 

3 (+1) Strategic Imperatives To Drive Cross-Border Investment

The strategic imperatives to drive cross-border investment include to defend market share in India, grow market share in Africa and lastly to deepen expertise in key investment areas.

 

3 Strategic imperatives to drive Corporate Banking

The 3 strategic imperatives to drive corporate banking is firstly to improve ease of business set up.  Secondly, to attract African Corporates and MNCs to set up Regional Treasury, Procure ment and Shared Services centres in Mauritius.  Finally, to create a Trade Finance Hub offering import/export financing, LC discounting and LCs to local African banks, and commodity financing.

 

4 Strategic imperatives to drive Private Banking

The strategic imperatives to drive private banking focus to ensure regulation conducive to seamless customer experience, improve cross-sell and referrals and market tourism.

 

Please click HERE for the detailed document.

 

Source:  FSC Mauritius

Photo by Hunters Race on Unsplash