The Economic Development Board (EDB) announced that the Mauritius International Financial Centre (IFC) joined the World Alliance of International Financial Centres (WAIFC) on the 19th of July 2019 in a bid to strengthen the position and visibility of the Mauritius IFC.
WAIFC facilitates cooperation between financial centers, exchange of best practices and communication with the general public. The importance of Financial centers are described on the WAIFC website stating that Financial centers are key to sustainable economic growth. They provide the infrastructure for investment and savings which go onto facilitate entrepreneurial endeavors and economic growth throughout industries and communities.
According to the EDB website, the WAIFC is project-driven, and the projects currently under way, for the benefit of its Members, the civil society and the global community, are a FinTech Empowerment and Capacity-Building Initiative, a series of publications on the role of IFCs in financing the economy, and a Financial Centre Database.
Mauritius joins 13 other members which includes Frankfurt Main Finance, Luxembourg for Finance, CityUK, Paris Europlace and Abu Dhabi Global Market amongst others.
“EDB will leverage on its Membership to the WAIFC to advocate on the important role that the Mauritius IFC plays, as a robust, sophisticated, and well-regulated platform, in driving prosperity in developing and emerging countries. This strategic alliance will further strengthen the value that Mauritius adds as an IFC in the global economy.”Mr. François Guibert, CEO
Please visit the EDB website to view the original article.