The Economic Development Board marks a new beginning in the economic landscape of Mauritius and will become a strategic institution for the development of Mauritius in the years ahead. It heralds a new chapter in economic planning, investment and trade promotion & facilitation.
The Economic Development Board has commenced its operations as a statutory body as from Monday 15th January 2018 following the merger between the Board of Investment, Enterprise Mauritius, the Financial Services Promotion Agency and the Mauritius Africa Fund.
The institution will comprise a Strategic Planning Office, an Investment & Trade Office as well as a Business Facilitation Office.
The mandate of the EDB is to, inter alia:
- Provide strong institutional support for strategic economic planning and ensure greater coherence and effectiveness in economic policy formulation;
- Promote Mauritius as an attractive investment and business centre, a competitive export platform as well as an international financial centre;
- Act as the main institution responsible for country branding for investment promotion; and
- Facilitate both inward and outward investment and ensure a conducive business environment.
Another key objective of the EDB is to ensure nation-wide short, medium and long term economic planning to better and more efficiently catalyse development and face such challenges like Brexit, ageing population, education mismatch among others.
The overarching aim is to ensure greater coherence and effectiveness in implementing policies and actions, especially for trade and investment promotion, and draw the vision for the economic development path to be adopted for the next 30 years. It is also a think tank and an action triggering institution to accelerate the innovation and digital transformation of Mauritius.