Mau­ri­tius Cen­tral bank in search of anti-fragility

The Pak Banker - - Front Page -

PORT-LOUIS

Mr Rund­heers­ing Bheenick, Gov­er­nor of the Bank of Mau­ri­tius ad­dress­ing at the Gala Din­ner on the oc­ca­sion of the Sec­ond Meet­ing of the Of­fi­cial Mon­e­tary and Fi­nan­cial In­sti­tu­tions Fo­rum (OMFIF) in Africa, hosted by the Bank of Mau­ri­tius of all the mem­o­rable events that the Bank of Mau­ri­tius has staged in this Din­ing Room and there have been quite a few - tonight's event is surely one of a kind.

This is the very first time that we are wel­com­ing at the Bank His Ex­cel­lency Ra­jkeswur Pur­ryag, G.O.S.K., GCSK, since he ac­ceded to the ex­alted po­si­tion of Pres­i­dent of the Repub­lic of Mau­ri­tius four months ago.

Mr Pres­i­dent, we are deeply hon­oured by your pres­ence amongst us tonight. This is also the first time that we are host­ing a meet­ing of the Of­fi­cial Mon­e­tary and Fi­nan­cial In­sti­tu­tions Fo­rum. We are con­scious of the hon­our OMFIF is do­ing us, a small Cen­tral Bank

of a small is­land-state, by giv­ing us the priv­i­lege of host­ing this event.

This is only the sec­ond time that OMFIF is hold­ing a meet­ing in Africa. Now bankers and cen­tral bankers are sup­posed to have a head for num­bers - cyn­ics have their doubts. We are struck by a strange co­in­ci­dence.

When the South African Re­serve Bank hosted the first meet­ing in Africa, it hap­pened to be cel­e­brat­ing its 90th An­niver­sary. As we host this sec­ond meet­ing, we are cel­e­brat­ing the 45th An­niver­sary of our Bank.

I am sure nu­merol­o­gists and oth­ers of their ilk may dis­cern some hid­den es­o­teric mean­ing in those num­bers. And this is what we in­tend to dis­cover dur­ing the next two days.

Let me say a few words on OMFIF for our guests who may not be very fa­mil­iar with its work.

Founded in 2010, OMFIF re­groups di­verse play­ers from the pub­lic and pri­vate sec­tor, cen­tral banks, sov­er­eign wealth funds, and academia who get to­gether to ex­change views and share ex­pe­ri­ence with the ob­jec­tive of im­prov­ing per­for­mance and achiev­ing pros­per­ity.

This sec­ond meet­ing pro­vides a re­mark­able net­work­ing op­por­tu­nity. We can there­fore rea­son­ably ex­pect very en­rich­ing de­bates and ex­changes at the var­i­ous ses­sions.

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