Key Discussions with Prime Minister Ramgoolam

On April 2, 2025, the International Finance Corporation (IFC) Regional Director for Southern Africa, Cláudia Conceição, met with Prime Minister Dr. Navinchandra Ramgoolam during a courtesy visit at the New Treasury Building in Port Louis.

Accompanied by World Bank Resident Representative Sjamsu Rahardja, this meeting underscored IFC’s commitment to private sector growth in Mauritius.

Conceição expressed the company’s satisfaction with the evolving relationship with the Government, emphasizing the importance of strengthening cooperation in various key sectors. According to her, IFC, as the private sector arm of the World Bank, plays a key role in creating an enabling environment for private investment, both local and foreign.

Discussions focused primarily on how to position Mauritius as an investment hub in Africa, while facilitating the energy transition from coal to renewables. Strengthening transport and connectivity infrastructure was also discussed, with the aim of facilitating trade and attracting more investment.

The Director emphasized the importance of improving the country’s regulatory environment to maintain a sustained investment rate. He highlighted sectors where the IFC could intervene to support the economic transition and promote sustainable development.