Democracy Index 2020: In sickness and in health? - Bizweek
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IMF BLOG
The Pre-Pandemic
Debt Landscape
— and Why
It Matters
ÉDITION 328
ÉDITION 151 –– VENDREDI
VENDREDI05
23FÉVRIER 2021
JUIN 2017 L’HEBDOMADAIRE DIGITAL GRATUIT
L’ HEBDOMADAIRE ÉLECTRONIQUE GRATUIT
ECONOMIC INTELLIGENCE UNIT REPORT
Democracy Index
2020: In sickness
and in health?
VENDREDI 05 FÉVRIER 2021 | BIZWEEK | ÉDITION 328 3
LA TOUR
ECONOMIC INTELLIGENCE UNIT REPORT
Democracy Index 2020:
In sickness and in health?
The Economist Intelligence Unit’s Democracy Index (which began in 2006) provides a snapshot of the state of democracy worldwide in 165 inde-
pendent states and two territories. This covers almost the entire population of the world and the vast majority of the world’s states (microstates are
excluded). The 13th edition of the Democracy Index, released on Wednesday 3 February, records how global democracy fared in 2020. The main
focus of the report is the impact of the coronavirus (Covid-19) pandemic on democracy and freedom around the world. It looks at how the pandemic
I
resulted in the withdrawal of civil liberties on a massive scale and fueled an existing trend of intolerance and censorship of dissenting opinion
n the 2020 Democracy Index, 75
of the 167 countries and territories
covered by the model, or 44.9% of
the total, are considered to be de-
mocracies. The number of “full de-
mocracies” increased to 23 in 2020, up from
22 in 2019. The number of “flawed democra-
cies” fell by two, to 52. Of the remaining 92
countries in our index, 57 are “authoritarian
regimes”, up from 54 in 2019, and 35 are
classified as “hybrid regimes”, down from 37
in 2019.
As recorded in the Democracy Index in
recent years, democracy has not been in
robust health for some time. In 2020 its
strength was further tested by the outbreak
of the coronavirus (Covid-19) pandemic.
The average global score in the 2020 De-
mocracy Index fell from 5.44 in 2019 to
5.37. This is by far the worst global score
since the index was first produced in 2006.
The 2020 result represents a significant de-
terioration and came about largely—but
not solely—because of government-im-
posed restrictions on individual freedoms
and civil liberties that occurred across the
globe in response to the coronavirus pan-
demic.
The global average
score hit an all-time low
The deterioration in the global score in
2020 was driven by a decline in the average “flawed democracy” category to be classified as
regional score everywhere in the world, but “full democracies” and one country, Albania,
by especially large falls in the “authoritarian was upgraded to a “flawed democracy” from a
regime”-dominated regions of Sub-Saha- “hybrid regime” previously. France and Por-
ran Africa and the Middle East and North tugal experienced a reversal, losing the “full
Africa. Their scores declined by 0.10 and democracy” status they had regained in 2019,
0.09, respectively, between 2019 and 2020. re-joining the ranks of “flawed democracies”.
Western Europe and eastern Europe both El Salvador and Hong Kong were relegat-
recorded a fall in their average regional ed from the “flawed democracy” classification
scores of 0.06. The score for Asia and Aus- to that of “hybrid regime”. Further down
tralasia, the region which has made the most the ranking, Algeria, Burkina Faso and
democratic progress during the lifetime of Mali lost their status as “hybrid regimes”
the Democracy Index, fell by 0.05. Latin and are now designated as “authoritarian re-
America’s average score declined by 0.04 gimes”.
in 2020, marking the fifth consecutive year
of regression for the region. The average Sub-Saharan Africa:
score for North America fell by only 0.01,
but a bigger decline of 0.04 in the US score
Only one ‘full
was masked by an improvement in Canada’s democracy’ - Mauritius
score.
In 2020 a large majority of countries, 116 Many of the nations in Sub-Saharan Af-
of a total of 167 (almost 70%), recorded a rica are concentrated at the bottom of the
decline in their total score compared with Democracy Index rankings. The continent
2019. Only 38 (22.6%) recorded an im- has only one “full democracy”—Mauritius—
provement and the other 13 stagnated, with and six “flawed democracies”. The number of
their scores remaining unchanged compared countries classed as “hybrid regimes”, at 13, is
with 2019. There were some impressive im- two less than in the 2019 index, as Burkina
provements and some dramatic declines, as Faso and Mali slipped down the ranking to
discussed in the “Highlights” section, with become “authoritarian regimes”, alongside
Taiwan registering the biggest improvement 22 other African states. The overall average
and Mali the biggest decline. There were 11 regional score fell to 4.16 in 2020, down
changes of regime category, seven negative from 4.26 in 2019—by far the lowest score
and four positive. Three countries (Japan, for the continent since the index began in
South Korea and Taiwan) moved from the 2006.
Cont’d on page 4
VENDREDI 05 FÉVRIER 2021 | BIZWEEK | ÉDITION 328 4
LA TOUR
Democracy Index 2020 highlights
Pandemic dilemmas: life, death, However, the negatives outweighed the “full democracy” category to the “flawed
positives, and the US retained its “flawed democracy” one. Thirteen countries in the
lockdowns and liberty democracy” status. Increased political region are now classed as “full democracies”
participation was the main positive: Americans (down from 15 in 2019) and seven as “flawed
Across the world in 2020, citizens experienced
have become much more engaged in politics democracies”, up from five in 2019. Only
the biggest rollback of individual freedoms
in recent years, and several factors fueled the three countries improved their scores in 2020
ever undertaken by governments during
continuation of this trend in 2020, including the (Italy, Turkey and the UK) and 18 recorded
peacetime (and perhaps even in wartime).
politicisation of the coronavirus pandemic, a decline. The most significant downwards
The willing surrender of fundamental freedoms
movements to address police violence and score changes were in the category of civil
by millions of people was perhaps one of
racial injustice, and elections that attracted liberties, for which the aggregate score fell
the most remarkable occurrences in an
record voter turnout. The negatives include sharply, and in the functioning of government
extraordinary year. Most people concluded,
extremely low levels of trust in institutions category. No country recorded an increase in
on the basis of the evidence about a
and political parties, deep dysfunction in the its overall civil liberties score, as lockdown and
new, deadly disease, that preventing a
functioning of government, increasing threats social-distancing measures used to combat
catastrophic loss of life justified a temporary
to freedom of expression, and a degree of the coronavirus pandemic curtailed individual
loss of freedom. Many critics of the lockdown
societal polarisation that makes consensus freedoms. Nevertheless, countries in western
approach accepted that some form of social
almost impossible to achieve. Social cohesion Europe account for seven of the top ten places
distancing was necessary to contain the
has collapsed, and consensus has evaporated in the global democracy rankings, including
spread of the disease, but they failed to put
on fundamental issues—even the date of the the top three spots, occupied by Norway,
forward convincing alternatives to the policy
country’s founding. The new president, Joe Iceland and Sweden. The Nordics are kings of
of enforced lockdowns, and the question of
Biden, faces a huge challenge in bringing the rankings, with Finland and Denmark sitting
how many deaths would be acceptable as the
together a country that is deeply divided over in sixth and seventh place.
price of freedom was one that few lockdown
core values.
sceptics were prepared to answer. That does
not mean that governments and media should A tale of two regions: democratic
have censored lockdown sceptics: attempts Taiwan: the year’s biggest winner backsliding continues under cover
to curb freedom of expression are antithetical of Covid-19 in eastern Europe and
The star-performer in this year’s Democracy
to democratic principles. The withdrawal of
Index, measured by the change in both
Latin America
civil liberties, attacks on freedom of expression
and the failures of democratic accountability its score and rank, is Taiwan, which was
It is hard to say whether the recent democratic
that occurred as a result of the pandemic are upgraded from a “flawed democracy” to a
backsliding recorded in eastern Europe and
grave matters. This is why the scores for many “full democracy”, after rising 20 places in the
Latin America would have continued without
questions in the civil liberties category and global ranking from 31st place to 11th. In a
the coronavirus pandemic. What is certain is
the functioning of government category of the year notable for having few winners, Taiwan’s
that the public health emergency provided
Democracy Index were downgraded across performance was spectacular. The country’s
cover for abuses of power that have become
multiple countries in 2020. score rose by more than any other country
familiar in recent years. These two regions
in the 2020 index. Taiwan went to the polls
contain only three “full democracies” (all
in January 2020, and the national elections
Asia rising: a shift eastward in the demonstrated the resilience of its democracy
in Latin America), but they share half the
global balance of power at a time when electoral processes,
world’s flawed democracies (26 out of 52).
Eastern Europe has always lagged behind
parliamentary oversight and civil liberties
The symbolism of Asia gaining three new Latin America in the Democracy Index,
have been backsliding globally. There was
“full democracies” (Japan, South Korea and but both regions suffer from similar flaws. A
a strong voter turnout, including among the
Taiwan) in 2020 and western Europe losing weak political culture, difficulties in creating
younger generation, to elect the president and
two (France and Portugal) was apt, as the institutions aimed at safeguarding the rule
members of the Legislative Yuan (parliament).
novel coronavirus (Covid-19) pandemic has of law and persistent issues with corruption
Overall, the country seems to have concluded
accelerated the shift in the global balance create a difficult habitat for democracy. The
that a well-functioning democracy represents
of power from the West to the East. Asia lags deterioration in both regions in 2020 revealed
the best means of safeguarding its future.
behind the West in democratic terms, having the fragility of democracy in times of crisis and
the willingness of governments to sacrifice civil
only five “full democracies”, compared with
western Europe’s 13, and the region also has
Mali and Togo the big losers in a liberties and exercise unchecked authority in
seven “authoritarian regimes” while western dire year for African democracy an emergency situation.
Europe has none. Yet the Asia region has, so
far, handled the pandemic much better than Measured by the decline in its score, Mali, The Middle East and North Africa
in west Africa, was the worst-performing
virtually any other, with lower infection and
country in the 2020 Democracy Index, being
retains the lowest score
mortality rates and a fast economic rebound.
Having learned from the experience of downgraded from a “hybrid regime” to an
After Sub-Saharan Africa, the Middle East and
SARS, Asian governments reacted decisively “authoritarian regime”. Mali does not have full
North Africa region recorded the second-
(albeit deploying coercive powers in some control over its territory, and rampant insecurity
biggest reduction in regional average score
cases), benefited from well-organised health precipitated a coup in August 2020 by military
in 2020, mainly because of the impact of
systems and retained the confidence of officers aggrieved by a lack of progress against
coronavirus related restrictions on civil liberties.
their populations. By contrast, European jihadist insurgents. A military junta has since
That score has declined every year since 2012,
governments were slow to act, some health established a transitional government, nullifying
when the advances that followed the onset
systems came close to collapse and public the outcome of parliamentary elections
of the pro-democracy “Arab Spring” uprising
trust in government declined. Europe’s handling held in March 2020, which were broadly free
in December 2010 began to be reversed. The
of the pandemic was not a good advert for and fair. Because of this, Mali has dropped
region suffers from a concentration of absolute
democracy, something that authoritarian 11 places globally, the second-biggest fall
monarchies, authoritarian regimes and the
China did not fail to point out. The pandemic in rank in Sub-Saharan Africa behind Togo,
prevalence of military conflicts, and it is the
has highlighted the widening gap between which fell 15 places, further down the ranks of
lowest ranked of all the regions covered in
a dynamic East and a declining West and is “authoritarian regimes”. Overall it was a terrible
the Democracy Index, with seven countries
likely to further accelerate the shift in the global year for democracy in Sub-Saharan Africa,
of the 20 in the region featuring in the bottom
balance of power towards Asia. where 31 countries were downgraded, eight
20 in our global ranking. The few bright spots
stagnated and only five improved their scores.
included increased political participation
Burkina Faso, which, like Mali, faces a jihadist
US democracy under pressure insurgency and does not have full control of its
in Israel, as shown by the high turnout in the
from rising polarisation and territory, was also downgraded from a “hybrid
election in 2020, despite it being the third one
declining social cohesion regime” to an “authoritarian regime”.
in two years, and tiny moves towards political
inclusion and transparency in the Gulf states,
Western Europe loses two “full democracies”
The US’s performance across several indicators where authoritarianism nonetheless remains
In 2020 two west European countries—
changed in 2020, both for better and worse. entrenched.
France and Portugal—moved from the
VENDREDI 05 FÉVRIER 2021 | BIZWEEK | ÉDITION 328 5
ACTA PUBLICA
AXYS REVIEW
The ‘January effect’
did not materialise
The first month of 2021 could be resumed, according to stockbroking firm AXYS’ review: The vaccine-induced momentum was dampened; select
illiquid stocks were boosted by corporate actions, and Ascencia rallied to multi-month highs while peers were highly volatile
T he Mauritian Bourse’s freshly found
momentum – following the vaccine
announcement in early November
– ground to a halt in January. Indices – ex-
cept for the DEMEX (+6.5%) boosted by
10 Januarys when the market closes in neg-
ative territory.
Select illiquids were boosted by cor-
porate actions. Moulins de la Concorde
(+42%) and sister concern Livestock Feed
sue” which included 250k shares offered to
management.
The emergence of new highly contagious
Covid-19 variants and subsequent re-con-
finements as well as heightened travel re-
to close in positive territory.
Conglomerates were a mixed bag. Alteo
(-2%) and Medine (-10%) experienced a
cooling-off following their respective sharp
rallies during Q4-2020, whereas construc-
Ascencia’s rally to multi-month highs – lost (+11%) peaked at record highs following strictions in developed countries, appeared tion materials heavy Gamma-Civic (+8%)
between 0.3% and 1.5%. The “January Ef- their “bonus issue” of shares. Similarly, to negatively impact hospitality stocks and United Basalt Products (+5%) experi-
fect” in Jan2021 did not materialise, accord- United Docks (+33%) sky-rocketed to its which shed a combined 3%. LUX* Resorts enced strong performances. Property com-
ing to AXYS Stockbroking’s report released highest level in months. It began to do so (+3%) – which has already published Q4- panies were highly volatile whereas illiquids
on 3 January, and was among the 3 out of after announcing the results of its “rights is- 2020 interim results – was the only hotelier recorded the sharpest drops.
JOURNÉE INTERNATIONALE DES ZONES HUMIDES
L’Union européenne investit plus de 240 millions
de roupies à Maurice
Le National Parks and Conservation Ser- ainsi son positionnement comme l’un des
vice (NPCS), Reef Conservation Mauritius partenaires centraux de Maurice dans ces
et la Mauritian Wildlife Foundation (MWF) domaines. Il s’agit notamment de promou-
s’engagent avec l’Union européenne en voir cette approche novatrice selon le princ-
faveur de la protection de la biodiversité et ipe de Ridge to Reef qui fait le lien entre
de la lutte contre le changement climatique. pollution terrestre et marine et la nécessité
Ces actions s’inscrivent dans le contexte d’agir de manière intégrée pour préserver
des engagements pris au niveau mondi- les écosystèmes qui sont interconnectés.
al au titre de la Convention sur la Biodi- La Convention de financement et les
versité Biologique et de l’Accord de Paris. deux subventions, attribuées suite à des
Elles s’alignent avec l’esprit de la nouvelle appels à propositions, permettront au Na-
stratégie environnementale du gouverne- tional Parks and Conservation Service
ment qui est en phase de finalisation. La (NPCS), qui opère sous l’égide du Ministère
cérémonie de signature a eu lieu jeudi matin de l’Agro-industrie et de la Sécurité alimen-
à Pointe d’Esny dans le cadre de la Journée taire, et aux deux organisations non gou-
internationale des Zones humides. vernementales, Reef Conservation Mauri-
L’Ambassadeur de l’Union européenne tius et la Mauritian Wildlife Foundation, de
auprès de la République de Maurice, S.E.M. mener des actions en faveur de la reforesta-
Vincent Degert, a déclaré : « La Convention de tion et de la protection des écosystèmes ma-
Financement que nous avons signée avec le NPCS, rins à Maurice (dans la Réserve naturelle de
et les contrats de subventions signés avec la Reef Rivière Noire, à l’île d’Ambre, Bel Ombre et
Conservation et le MWF ce matin témoignent Roches Noires) et à Rodrigues.
d’une consolidation des liens qui unissent l’UE et L’UE, l’Agence Française de Dévelop-
la République de Maurice dans le domaine de la pement (AFD) et l’Antenne de la Région
protection de l’environnement et de la lutte contre le Réunion à Maurice, regroupée au sein de la tection de la biodiversité à Maurice. Très mis en œuvre par l’AFD. L’UE signera
changement climatique. » Team Europe financent et soutiennent ac- prochainement d’ailleurs, l’UE signera un également au premier semestre un contrat
A l’image de son engagement pris dans le tuellement la mise en œuvre d’une dizaine nouveau contrat de 6 millions d’euros avec de 2,5 millions d’euros avec l’Université
Pacte Vert adopté par la Commission Eu- de projets nationaux et régionaux de lutte la COI sur le renforcement de capacités en de Maurice portant sur la recherche sur les
ropéenne en décembre 2019, l’UE confirme contre le changement climatique et de pro- matière de météorologie – projet qui sera écosystèmes marins.
VENDREDI 05 FÉVRIER 2021 | BIZWEEK | ÉDITION 328 6
POST SCRIPTUM
IMF BLOG
The Pre-Pandemic
INTERNATIONAL
MONETARY FUND
(IMF) FISCAL AFFAIRS Debt Landscape —
and Why It Matters
DEPARTMENT
Xuehui Han, Economist
Paulo Medas, Deputy
Division Chief
Susan Yang, Senior Many countries entered the pandemic with elevated debt levels. Our new update of the IMF’s
Economist
Global Debt Database shows that global debt—public plus private—reached $197 trillion
in 2019, up by $9 trillion from the previous year. This substantial debt created challenges for
countries that faced a debt surge in 2020, as economic activity collapsed and governments act-
ed swiftly to provide support during the pandemic
O
ur data show that the global average market economies and advanced economies immediately restrict the ability of many
debt-to-GDP ratio (weighted by each outside of Europe. In low-income countries, countries—especially the advanced econo-
country’s GDP in US dollars) rose to total debt rose by 1.3 percentage points of mies—to borrow to address the crisis. But
226 percent in 2019, 1.5 percentage points GDP in 2019—mostly driven, in contrast, by some highly indebted emerging market and
higher than in 2018. Most of the increase higher private debt. developing economies are starting to find
came from higher public debt in emerging As shown in our chart of the week, a dive it more difficult to borrow to support the
into the numbers reveals that the 2019 response to the pandemic.
global public debt surpassed its 2007 level High and rising private debt may also be
by 23 percentage points of GDP. This is cause for concern as countries try to transi-
primarily driven by the higher levels among tion to a solid recovery.
advanced economies, where public debt rose In the lead up to some past financial crises,
from 72 to 105 percent of GDP, and to a we have seen private debt accumulate at a
lesser degree by emerging market econo- rate far exceeding GDP growth, so this phe-
mies (from 35 to 54 percent of GDP) and nomenon can be a warning sign of rising
low-income countries (an increase of 14 vulnerability. Past experience shows that
percentage points to 44 percent of GDP). following credit booms, economic activity
Higher debt can potentially reduce the tends to suffer. If private debt of house-
ability of governments to react to the COV- holds, firms, or both proves unsustainable,
ID-19 crisis as forcefully as they were able it can result in large-scale bankruptcies,
to respond to the global financial crisis (see which might require government inter-
the January 2021 Global Financial Stability vention in the form of bailouts of critical
Update). However, many countries benefited sectors or government guarantees on private
from much lower borrowing costs in recent loans. Private sector debt can therefore
months, partially because very low inflation pose an additional risk to governments that
rates have allowed central banks to keep are already highly indebted. Moreover, as
interest rates at record low levels. Compared public finances are further stretched during
to 2007, the average interest bill as a share the pandemic, elevated private debt levels
of revenues was 0.3 percentage points lower before the pandemic can leave governments
in 2019. with less room to maneuver in promoting a
Indeed, the high public debt did not healthy and robust recovery.
La reprise du commerce des services
n’est pas encore en vue
D’après les statistiques publiées par l’Or- Les statistiques les plus récentes confir-
ganisation mondiale du commerce (OMC) ment les attentes antérieures selon lesquelles
le 26 janvier, le commerce mondial des ser- le commerce des services serait plus dure-
vices a chuté de 24% au troisième trimestre ment touché par la pandémie que le com-
de 2020 par rapport à la même période de merce des marchandises, lequel n’avait per-
2019. Comparativement à la baisse de 30% du que 5% en glissement annuel au troisième
en glissement annuel enregistrée au deux- trimestre. Les dépenses non réalisées con-
ième trimestre, cela ne représente qu’une cernant les services marchands pourraient
légère augmentation qui contraste fortement être réorientées, les consommateurs les re-
avec la reprise bien plus nette du commerce portant sur les marchandises.
des marchandises.
Selon des données préliminaires, en no- Légère amélioration
vembre, le commerce des services était
encore inférieur de 16% aux niveaux de Selon des estimations préliminaires, le
2019. Les perspectives de reprise restent commerce mondial des services est resté rapport à l’année précédente. ses recettes d’exportation de services chuter
médiocres car suite à une deuxième vague déprimé en novembre, en baisse de 16% en Les exportations de services en novembre de 57% par rapport aux niveaux d’avant la
d’infections liées à la COVID-19, de nom- glissement annuel, sur la base de données ont baissé de 24% aux États-Unis, de 15% pandémie. Les exportations de services de
breux pays ont dû prendre des mesures de provenant de 39 économies représentant au Royaume-Uni (dans les deux cas sur une la Chine ont également ralenti (-1 %), ce qui
confinement plus strictes, accompagnées plus des deux tiers du commerce mondial base corrigée des variations saisonnières) traduit les résultats d’octobre. Les services
d’un durcissement des restrictions visant les des services. Cela marque une légère amélio- et de plus de 20% dans de nombreux pays financiers et les services informatiques ont
voyages et les services connexes qui a été ration par rapport à octobre, période où le d’Europe. L’Ouganda, pays dont l’économie respectivement dopé la croissance des ex-
maintenu au premier trimestre de 2021. commerce des services avait perdu 18% par est fortement tributaire du tourisme, a vu portations du Luxembourg et du Pakistan.
VENDREDI 05 FÉVRIER 2021 | BIZWEEK | ÉDITION 328 7
DEBRIEF
CENTRALISED DIGITAL LAND BANK OF STATE AND PRIVATE AGRICULTURAL LAND
Un nouvel outil pour promouvoir
la culture agricole à Maurice
Avec l’entrée en opération de la Centralised Digital Land Bank of State and Private Agricultural Land, ce 2 février 2021, les Mauriciens ont désor-
mais la possibilité de louer des terrains de différentes superficies exclusivement pour la production alimentaire. La première phase de ce projet
démarre avec 350 arpents de terre mis à la disposition de Landscope (Mauritius) Ltd par le Ministère de l’Agro-industrie et de la Sécurité alimen-
taire. D’ici fin mars, 100 autres arpents seront disponibles aux planteurs
L es agriculteurs souhaitant louer ces
terres peuvent identifier et choisir
les lopins qui les intéressent à
travers le site web de la Centralised Digital
Land Bank. Conçu et géré par Landscope
(Mauritius), ce nouvel outil permet à ceux
désirant cultiver la terre d’identifier des ter-
rains non-utilisés où démarrer leurs projets.
La création de cette plateforme, développée
dans le cadre du National Agri-Food De-
velopment Programme, avait été annoncée
dans le discours du budget 2020/2021.
La Centralised Digital Land Bank s’inscrit
ainsi dans la volonté du gouvernement de
faire se rejoindre l’offre de terres cultiva-
bles non-utilisées avec la demande pour la
location de celles-ci. Dans le cadre de ce-
tte initiative et afin d’augmenter la superfi-
cie de terres disponibles aux cultivateurs,
Landscope (Mauritius) a obtenu le mandat
d’acquérir des terrains agricoles appartenant
également à des propriétaires privés. Cela,
avec le soutien de la State Investment Cor-
poration (SIC).
Lors de la deuxième phase du projet,
Landscope (Mauritius) lancera également un
appel à manifestation d’intérêt à l’intention
de promoteurs privés disposés à louer leurs
terres cultivables pour une durée minimale
de 10 ans. Ces parcelles intègreront alors la
Centralised Digital Land Bank et seront mis-
es à la disposition des planteurs intéressés.
« Dans le contexte économique actuel, cette initia-
tive permet de revitaliser notre secteur agricole et no-
tre économie. Elle favorise notamment les projets de tion de la sécurité alimentaire de Maurice en rédui- Les lopins de terre mis à la disposition seront tenus de respecter. Ces conditions et
culture vivrière à grande échelle, permettant ainsi la sant l’importation de fruits et légumes », souligne des planteurs à travers la Centralised Digital objectifs sont définis dans l’Electronic Data
création d’emplois. Plus globalement, la Centralised Naila Hanoomanjee, Chief Executive Of- Land Bank seront loués/sous-loués selon un Management System (EDMS), conçu exclu-
Digital Land Bank participe aussi à la consolida- ficer de Landscope (Mauritius) Ltd. cahier des charges précis que les cultivateurs sivement pour ce programme.
Deeper Economic Ties Envisaged,
as COMESA Accredits top EU and
Canadian Diplomats
New Heads of Diplomatic “I cannot speak today without focus- the importance of engagement
Missions of Canada, Germany ing for a moment on our goal of empow- opportunities with key stakehold-
and France have been accredit- ering women and girls to become equal ers, such as COMESA, in order to
ed as Special Representatives to participants in an inclusive, prosperous advance the ideals of inclusiveness
COMESA. Ambassadors Pamela and safe society which is at the heart and gender equality.
O’Donnell of Canada, Dr. Anne of Canada’s priorities in Africa,” she She said COMESA and Canada
Wager-Mitchell of Germany and
François Goldblatt of France pre-
said.
She stressed the need to create
can share best practices, connect
entrepreneurs and ideas, and see
Préservation de l’environnement :
sented their Letters of Credence the conditions for women, and the mutual benefits of increased KFC replante ses sapins de Noël
to Secretary General Chileshe for the small- and medium-sized economic integration. Ils avaient servi à décorer les restaurants KFC durant la période
Kapwepwe in a ceremony held businesses they own and run, to On her part, the German Am- des fêtes. 19 sapins ont été replantés afin qu’ils puissent, éventuelle-
virtually on Tuesday 2nd February compete and succeed in order to bassador, Dr Wager-Mitchell said: ment, être réutilisés cette année. Cette initiative découle de la volonté
2021. achieve development goals in the “We are ready to support regional inte- de la chaîne de restauration rapide de réduire l’impact de son activité
In her statement, the Canadian region. gration and to share our own experience économique sur l’environnement. Depuis les dernières années, l’en-
Ambassador expressed her coun- She added: “Public officials and to regional organizations around the globe treprise a mis en place plusieurs démarches dans ce sens – réduire le
try’s interest to work with COME- business leaders must work together to – either bilaterally or through the EU.” gaspillage alimentaire, l’utilisation de panneaux solaires pour réduire
SA to advance shared values and advance policies and concrete actions to Germany and France are mem- la consommation d’électricité, les huiles usées sont entièrement re-
increase opportunities for inter- further women’s participation and recog- bers of the European Union, cyclées afin de produire de l’électricité, et bien entendu, la réduction
national trade. Specifically, Amb. nize the crucial role that women play in which is the biggest development de l’utilisation de plastique depuis 2010. Plusieurs employés de KFC
O’Donnell identified gender and business expansion.” partner of the regional bloc espe- Mauritius, en compagnie des membres du Lion’s Club d’Albion-Le
trade as one of the priority area Amb. O’Donnell who is also the cially on the implementation of Phare, partenaire de cette initiative, étaient à Gros-Cailloux le same-
that her country is keen to collab- High Commissioner of Canada to the COMESA Trade Facilitation di, 23 janvier 2021, pour remettre les plantes à la pépinière qui s’est
orate with COMESA. Tanzania and Zambia emphasized Programme. chargée de les replanter.
VENDREDI 05 FÉVRIER 2021 | BIZWEEK | ÉDITION 328 8
DEBRIEF
POUR SOUTENIR SES CLIENTS TOUCHÉS PAR LA CRISE COVID-19
Dr Pravish Sookha :
Proparco et la DEG signent « La laparoscopie doit être
l’option privilégiée »
un prêt de 65 millions de Convalescence plus courte, séquelles moins lourdes… Les avantag-
es de la laparoscopie sont nombreux pour les patients. Cependant,
cette technique chirurgicale reste encore peu pratiquée à Maurice.
dollars à la Mauritius Lors d’une causerie organisée le 26 novembre au Caudan Conference
Centre, à Port-Louis, dans le cadre de la Journée mondiale du dia-
bète, le Dr Pravish Sookha, Consultant en Chirurgie Général chirur-
Commercial Bank Limited gie bariatrique et laparoscopique à Wellkin Hospital, est revenu sur
ce type d’intervention. La laparoscopie consiste à opérer un patient
grâce à une ou plusieurs petites incisions à travers lesquelles le mé-
Un prêt de 65 millions de dollars a été signé entre Proparco (filiale de l’Agence decin va introduire un petit tube muni d’une source lumineuse et
Française de Développement), son homologue allemand DEG et la Mauritius Com- d’une mini-caméra ainsi que d’autres instruments chirurgicaux en
fonction de la pathologie à traiter. Cette technique permet d’évit-
mercial Bank Limited (MCB), avec pour objectif de soutenir les entreprises maurici- er, autant que possible, les opérations ouvertes et les nombreuses
ennes touchées par la crise séquelles qui y sont associées, telles que les douleurs post-opératoires
et les cicatrices.
Collecte de sang : Succès
de l’initiative organisée
par le collectif Moka’mwad
269 pintes de sang récoltées en quatre jours. C’est le bilan de la
collecte de sang organisée par Moka’mwad dans différents endroits
de Moka. En effet, le collectif avait donné rendez-vous au public
près de l’Agricultural Marketing Board, à Vivéa Business Park, à
Bagatelle Mall et au centre commercial Kendra du 21 au 24 janvier.
Fort de ce succès, les organisateurs ont d’ores et déjà prévu d’organ-
iser une nouvelle collecte du 14 au 18 juin dans la région.
F aible activité économique, mentaire à trois ans, afin de faciliter Africa’, Proparco est en effet parte-
Campagne promotionnelle Shell :
problèmes de trésorerie, diffi- l’accès des entreprises à des reports naire de près d’une centaine d’in- Daniel Ah Po remporte une BMW
culté à faire face aux échéanc- d’échéances, des restructurations, stitutions financières qui irriguent
es bancaires. Ces difficultés touchent des financements de trésorerie ou les économies locales et les PME à la veille de ses 60 ans
particulièrement les PME, dont le des prêts de relance (reconstitutions Africaines. Du fait des mesures san-
rôle est pourtant fondamental dans de stocks par exemple). itaires en place, des pans entiers de
la création d’emplois et le dyna- Il s’agit de la troisième opération l’économie sont à l’arrêt et les PME
misme de la relance économique. conjointe de Proparco et de la DEG font face à d’importants besoins
Le prêt de Proparco et de la DEG avec la MCB, partenaire historique de trésorerie. Afin de préserver les
(dont 50 millions pour Proparco) des institutions de développement. emplois, il est important que des
à la Mauritius Commercial Bank Cette opération s’inscrit dans l’ap- solutions de financement leur soient
Ltd (MCB), permettra d’aider la proche proactive de Proparco pour proposées via les systèmes financiers
première banque du pays à faire soutenir ses clients confrontés à des locaux. Pour contribuer à cet effort,
face aux besoins générés par la cri- difficultés suite à la crise Covid-19, Proparco envisage de déployer un
se sanitaire. L’objectif est d’octroy- en particulier les PME. milliard d’euros de financements
er à la MCB de la liquidité supplé- A travers son initiative ‘Choose d’ici fin 2021.
LUX* ouvre son premier hôtel
ultra-luxe en Chine
The Lux Collective poursuit son expansion à l’in-
ternational. Le groupe hôtelier mauricien ouvre, en
effet, son tout premier hôtel ultra-luxe en Chine.
LUX* Chongzuo, Guangxi Resort & Villas, situé
dans le Daxin County, entouré de jardins tropicaux
luxuriants avec une vue imprenable sur le majestueux
karst, a été officiellement ouvert et inauguré le 1er
février 2021. Situé dans la province du Guangxi et C’est une histoire peu ordinaire qui vient clôturer la campagne
séparé du Vietnam par la pittoresque rivière Mingshi, promotionnelle « Banané toute lané » de Vivo Energy Mauritius,
l’hôtel est à moins de deux heures de l’aéroport inter- société détentrice de la franchise Shell. Grand vainqueur de cette
national de Nanning Wuxu et de la réserve naturelle loterie, Daniel Ah Po, un père de famille habitant Baie du Tombeau
de Nongguan, qui abrite des semnopithèques de Cat et membre du club de fidélité SmartClub, remporte le prix vedette
Ba, une espèce en voie d’extinction. Les visiteurs et devient l’heureux propriétaire d’une BMW 218i Gran Coupé
pourront aussi profiter de la plus grande cascade Lounge… à la veille de son 60e anniversaire. Le tirage au sort a été
transnationale de l’Asie – Detian – qui est à 30 min- effectué parmi l’intégralité des numéros validés pendant toute la
utes de l’établissement. campagne promotionnelle (septembre à décembre).
Ocorian nomme Leon Kruger au poste
de Directeur de clientèle à Maurice
Ocorian, groupe international Il a rejoint l’équipe à Maurice le bilité de chapeauter la gestion des
de services financiers diversifiés et 1er janvier 2021. Avant de rejoin- unités dédiées au service à la cli-
un des leaders mondiaux de ser- dre Ocorian à Maurice, il a occupé entèle. Son recrutement fait partie
vices d’administration de sociétés, le poste de Financial Planner and des initiatives prises pour la mise
de gestion de fonds et de services Business Development Manager en œuvre de la stratégie de l’entre-
fiduciaires, a nommé Leon Kruger chez Sanlam Life Limited en Afri- prise axée sur la clientèle et la per-
au poste de Directeur de clientèle. que du Sud. Il aura pour responsa- formance.
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