Vaccine inequity will cost the global economy US$2.3trn - Q3 GLOBAL FORECAST 2021 - Bizweek
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ECONOMIC ANALYSIS
How the Pandemic
Widened Global Current
Account Balances
ÉDITION 357 – VENDREDI 27 AOÛT 2021 L’HEBDOMADAIRE DIGITAL GRATUIT
L’ HEBDOMADAIRE ÉLECTRONIQUE GRATUIT
Q3 GLOBAL FORECAST 2021
Vaccine inequity
will cost the global
economy US$2.3trn
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VENDREDI 27 AOÛT 2021 | BIZWEEK | ÉDITION 357 3
LA TOUR
Q3 GLOBAL FORECAST 2021
Vaccine inequity will
cost the global economy
US$2.3trn
Delays in inoculating the world against the coronavirus will come with a high price tag. An exclusive report by The Economist Intelligence Unit
finds that those countries that will not have 60% of their population vaccinated by mid-2022 will register GDP losses totalling US$2.3trn by 2025
Cont’d on page 4
VENDREDI 27 AOÛT 2021 | BIZWEEK | ÉDITION 357 4
LA TOUR
O Delayed vaccination
nly around 18 months after vaccine doses to developed economies this Tourism flows could also be re-routed.
the coronavirus (Covid-19) year. It has, to date, shipped only around Unvaccinated people are often barred from
pandemic began, vaccina- timelines will cost 210m doses (sufficient to inoculate just 15% entering vaccinated countries or are forced
tion campaigns are in full the global economy of the population of lower-income econo- to quarantine for long periods of time upon
swing in advanced econ- US$2.3trn in 2022-25 mies). Some developed economies, notably arrival. Conversely, travellers from vaccinat-
omies. As at late August, around 60% of the UK and Canada, chose to order jabs ed countries may prove reluctant to visit un-
the population of higher-income countries Beyond ethical concerns, delays in vacci- from COVAX, compounding COVAX’s vaccinated (and often poorer) destinations in
had received at least one dose of corona- nating the global population will come at a woes; in late June the UK received 539,000 the future. A third set of consequences will
virus vaccine (full vaccination generally re- high cost. The Economist Intelligence Unit doses of vaccine from COVAX (this was be political: resentment in emerging coun-
quires two doses). By contrast, vaccination has developed a model that indicates that more than double the amount of vaccines tries, both against local governments (which
campaigns are progressing at a glacial pace those countries that will vaccinate less than that COVAX sent to Africa in that month). are seen as unable to provide much-needed
in lower-income economies. At the same 60% of their population by mid-2022 will Despite flattering press releases and gen- vaccines) and richer states (which are per-
point, only 1% of poorer populations had register GDP losses totalling US$2.3trn in erous promises, donations from rich coun- ceived to be hoarding vaccines) is running
received at least one dose of a vaccine. To 2022-25 (roughly equivalent to the annual tries have also covered only a fraction of high. Bouts of social unrest are highly likely
put this in context, rich countries have ad- GDP of France). Emerging countries will requirements—and, often, they are not even in the coming months and years.
ministered 100 times as many vaccines as shoulder around two-thirds of these loss- delivered. To date, the UK has delivered
have poorer states. es, further delaying their economic conver- only around 10% of the 100m doses it has
gence with more developed countries. In promised to donate to developing countries Russia’s vaccine
A combination of absolute terms, Asia will be by far the most by mid-2022. Finally, the focus in developed diplomacy has, to date,
factors is fuelling severely affected continent (with cumulative economies is gradually shifting towards vac-
cinating children and administering booster
been a failure
vaccine inequity projected losses of US$1.7trn). As a share
of GDP, countries in sub-Saharan Africa doses to the general population, which will Vaccine inequity is also fuelling vaccine
will register the highest losses (totalling 3% compound shortages of raw materials and diplomacy. Since the start of 2021, China
Vaccine inequity has arisen owing to a of the region’s forecast GDP in 2022-25). production bottlenecks. The US will start
combination of factors. The first issue re- and Russia have sent hundreds of millions
These estimates are striking but they only the widespread administration of third dos- of coronavirus jabs to emerging countries
lates to a global shortage of raw materials partially capture missed economic oppor- es of vaccines in September.
and limited production capacities, especial- as part of a “vaccine diplomacy” operation.
tunities, especially in the long term. For in- Eight months after they started, the results
ly in developing countries (many emerging stance, our model does not account for the
states initially relied on supplies from India, impact of lockdowns on schooling—there Vaccine inequity will of these operations have been mixed. De-
spite aggressive media campaigns highlight-
but Indian authorities have since begun to
retain these for domestic use).
is often no such thing as remote learning in reshape the global ing Russia’s commitment to coming to the
Financing is another constraint; few de-
developing economies. political and social rescue of developing countries, Russia’s vac-
veloping countries can afford the vaccines, landscape cine diplomacy has, to date, been a failure.
especially if they are already struggling to The rich-poor divide Production difficulties have delayed the
provide crucial basic services such as clean over access to Vaccine inequity will have serious long-
term consequences. The most obvious is
delivery of second shots of the Russian-de-
veloped Sputnik V vaccine, fuelling resent-
water. Logistics also represent a barrier:
shipping and storing vaccines requires ad- vaccines may well related to the economic impact of the lack ment in local populations. In Argentina,
equate transport infrastructure and cold widen of access to vaccines in poorer states. Our these delivery delays have led to a bitter dip-
chains. Many developing countries also lack forecasts show that timelines for economic lomatic row between the two governments.
the healthcare personnel to administer shots. There is little chance that the divide over recovery will be longer in poorer economies In addition, a lack of transparency over
Finally, vaccine hesitancy is not solely a first- access to vaccines will ever be bridged. CO- than in advanced ones. This is due, in part, clinical data, and doubts around the quality
world problem; the population of many VAX, the WHO-sponsored initiative to ship to our expectation that social-distancing of some batches of the vaccine (in Slova-
developing countries, including Ukraine, Vi- vaccines to emerging economies, has failed measures will sometimes need to be re-im- kia, for example), have increased hesitancy
etnam and India, also exhibit high levels of to live up to (modest) expectations. The posed in countries where vaccination rates towards the (to date, non-WHO approved)
mistrust of vaccines. programme is supposed to deliver 1.9bn remain low. Russian-made vaccine.
Cont’d on page 4
VENDREDI 27 AOÛT 2021 | BIZWEEK | ÉDITION 357 5
LA TOUR
the Delta variant, means that the global vac-
cination threshold to achieve herd immunity
(whereby a virus disappears for lack of peo-
ple to infect) now stands at around 90%, up
from 60-70% previously. Such a high immu-
nisation rate appears unachievable in devel-
oped countries (owing to vaccine hesitancy),
let alone in developing ones (owing to vac-
cine inequity).
In the meantime, there have been only a
handful of breakthroughs in terms of coro-
navirus treatments (although incremental im-
provements in medical protocols have helped
to push down mortality rates in developed
countries). This has two main implications.
First, the principal goal of vaccination pro-
grammes may no longer be to reach herd
immunity. Instead, vaccination may seek—
more modestly—to reduce the risk of severe
symptoms, hospitalisation and death. Sec-
ond, the pandemic is likely to remain prev-
alent for several more years in an endemic
form; living with the virus will become the
new normal.
Governments need to
China is busy sending different brands of vaccines (as Thailand is navirus infection. As such, vaccines are a cru- reconsider their long-
jabs to developing doing). For these countries, the total vaccine cial first step in the fight against the pandemic. term Covid strategies
bill may prove higher than expected—and However, some features of the Delta var-
states, but this comes in some cases unaffordable. The second has iant mean that vaccines alone may not be The future endemic nature of the virus
with risks to do with vaccine passports; most Western enough to control the virus. Delta is far more means that some governments will have to
countries do not recognise inoculation with transmissible than the original strain of the revisit their public health strategies. The ze-
By contrast, China’s vaccine diplomacy Chinese jabs. This will hinder travel, further coronavirus (someone infected with Delta ro-Covid approach that several countries (in-
has been a success. Despite its huge popu- widening the divide between richer and poor- contaminates another 5-9 people, compared cluding Australia, China and New Zealand)
lation, the country has managed to vaccinate er economies. with 2-3 from the original strain). In addi- have adopted is unlikely to be sustainable in
residents at a fast pace (China is on track tion, even vaccinated people appear to have the long term. Such policies represent a fu-
to reach 70% immunisation by end-2021), The Delta variant of high viral loads, raising the risk that they may ture missed economic opportunity if the rest
while becoming the world’s largest exporter coronavirus means that spread the disease (although vaccination ap-
pears to be cutting down the period of time
of the world re-opens, as they imply the im-
of vaccines. However, this impressive feat
comes with a warning for those countries vaccination will not in which people are infectious, reducing con-
position of stringent lockdowns as soon as
any cases of coronavirus are detected.
that depend on Chinese vaccines: some of be enough tagion). Israel, which has one of the highest By contrast, some countries, such as the
these shots appear to offer lower levels of immunisation rates in the world, illustrates UK, have already decided that suppressing
protection than Western jabs. The Seychelles, The emergence of the Delta variant of the how Delta is a game changer; after hope that the disease is not possible (the UK lifted all
which had vaccinated the majority of its pop- coronavirus, which is now dominant across the disease was under control, the country is coronavirus-related restrictions in July). Over
ulation with China’s Sinopharm vaccine, had the world, means that vaccination may not now grappling with a fourth wave of cases. the past year, political leaders have been busy
to re-impose a lockdown in June. prove to be the magic bullet that many gov- responding to short-term emergencies, such
ernments hoped for. All WHO approved
The lower efficacy rate of Chinese vac-
cines poses two risks. The first is that the vaccines offer protection against infections, With Delta, the global as rapid accelerations in infection rates. They
now need to design a longer-term strategy to
countries that relied on Chinese shots may severe disease and death. Data from France, herd-immunity threshold tackle the coronavirus. Here, again, the rich
need to administer boosters (a strategy that for example, show that vaccinated people are looks unattainable poor contrast will be stark: vaccinated, richer
Chile, which mostly used China’s Sinovac around ten times less likely to be admitted to states will have choices, while unvaccinated,
vaccine, is currently implementing) or mix an intensive care unit as the result of a coro- A more aggressive virus, in the form of poorer ones will not.
VENDREDI 27 AOÛT 2021 | BIZWEEK | ÉDITION 357 6
ACTA PUBLICA
AFGHANISTAN’S FALL
A Reminder of the Limits
of American Power in
The Middle East
Amid intense criticism, Jo Biden addressed a press conference. Defending his decision to pull out of Afghanistan, he said the US is pulling off “one
of the largest, most difficult airlifts in history.” He tried to put an optimistic face on the chaotic evacuations at Kabul’s airport as American forces
scramble to remove US citizens and vulnerable Afghans from Afghanistan. Regardless, the writing is on the wall. The manner in which the Ameri-
cans pulled out of Afghanistan is a disaster, a fiasco unlike any other in history. Afghanistan’s fall to the Taliban is a reminder of the limits of Amer-
ican power in the Middle East. New players, supporting the Taliban, are emerging as regional players. The Russians and the Chinese are making
I
advances; Turkey, Iran and Pakistan are making their moves, trying to emerge as regional players
n the 19th century, the phrase “The stand by its commitments has been shaken,
Great Game” was used to describe if not shattered – will find that its authority
competition for power and influence will be much questioned.
in Afghanistan, and neighbouring This comes at a time when China and
central and south Asia territories, be- Russia are testing American resolve globally.
tween the British and Russian empires. In the region itself, Turkey and Iran are al-
Neither side prevailed in what became ready seeking to fill a vacuum exposed by an
known as the “graveyard of empires”. American failure.
Two centuries later, an American super- Beijing and Moscow, for their own rea-
power has been reminded of a similar re- sons, have an interest in Afghanistan’s fu-
ality. ture. For China, that goes beyond just shar-
The Afghanistan debacle, in which a ing a border, while for Russia it is historical
300,000-strong US-trained and equipped concerns about Afghan extremism infecting
Afghan army collapsed in hours serves as a its own Muslim populations and those of
reminder of the limits of American power nation states on its periphery.
in the wider Middle East. Recently, China has been cultivating Tal-
US President Joe Biden may be endur- iban leaders. Its foreign minister Wang Yi
ing the sharpest criticism for a disastrous- held a well-publicised meeting with the Af-
ly executed withdrawal. But there is plenty ghan Taliban’s political chief Mullah Abdul
of blame to go around, dating back to the Ghani Baradar last month.
original ill-fated decision to “nation build” Then there is Pakistan, which has sup-
a country that has resisted outside interfer- ported the Taliban both covertly and overt-
ence for thousands of years. ly over the years. Islamabad will see in the
After the fall of Kabul and the hasty US American extreme discomfort opportunities a cornerstone of the Biden administration’s with the Taliban.
withdrawal from a country on which it had for itself to assume a more significant re- efforts to engage more constructively in the In Saudi Arabian foreign policy, Afghani-
squandered US$1 trillion, the question re- gional role. Middle East. stan is not a zero sum game.
mains: what next for the Middle East? This is not to forget Pakistan’s close ties Progress has been faltering. The election More generally, the hit to US standing in
This is a question whose arc stretches to China, and its fractious relationship with of a new hardline Iranian president further the region will be worrying for its moderate
from Morocco in the west to Pakistan in the the United States. complicates efforts to achieve compromise. Arab allies. This includes Egypt and Jordan.
east, from Turkey in the north down into In Afghanistan itself, the Taliban may live Failure to resuscitate the JCPOA, aban- For both, with their own versions of the
the Gulf and across to the Horn of Africa. up to its undertakings that it has changed doned by President Donald Trump, will add Taliban lurking in the shadows, events in
Every corner of the Middle East and and that it will seek to establish consensus a new layer of uncertainty – and risk – to Afghanistan are not good news.
North Africa will be touched in some way rule in a country riven by bloody ethnic and Middle East calculations. The Taliban success in Afghanistan will
by the failure of American authority in Af- tribal divisions. There will have been no more interest- also have implications for the most combus-
ghanistan, the longest war in its history. Given early indications of brutal Tali- ed party in developments in neighbouring tible corner of the Middle East. In both Iraq
America’s reckoning is also shared by its ban reprisals against its enemies and the Afghanistan than the leadership in Tehran. and parts of Syria where the US maintains a
NATO allies and countries like Australia. panicked reaction of shell-shocked Afghan Iran’s relationship with the Taliban has been military presence, the American exit will be
Australia’s ill-considered participation in an population it would take a leap of faith to fraught at times, cooperative at others, given unsettling.
open-ended commitment to Afghanistan believe much has changed. the anxiety in Tehran over mistreatment of In Lebanon, which has become to all
should attract censure. Afghanistan’s Shia population. intents and purposes a failed state, the Af-
What implications will it Shia Iran and the Sunni fundamentalist ghanistan debacle will be adding to the
A new Saigon? have in the Middle East? Taliban are not natural partners. gloom.
Further afield, the latest developments Israel will be calculating the implications
Inevitably, comparisons are being made in Afghanistan will be capturing the close of the setback suffered by its principal ally.
Will the al-Qaeda and Islamic State fran-
between America’s panicky withdrawal from attention of Gulf states. Qatar has provid- Increased Middle East instability would not
chises be allowed to re-establish themselves
Kabul and similar scenes in Saigon, 46 years ed a diplomatic haven for the Taliban dur- seem to be to Israel’s advantage.
in a Taliban-controlled Afghanistan? Will
ago. ing peace talks with the vanquished Ghani In this next phase, America will no doubt
the Taliban re-emerge as a state sponsor of
In some respects, the Afghan situation is government. This peace initiative, under US pull back from all but its most pressing Mid-
terrorism? Will it continue to allow Afghan-
more concerning because so much of the auspices, is now revealed to have been a foil dle East commitments. This will be a time
istan to be used as a giant market garden in
Middle East is at risk of descending into for the Taliban’s ambitions to return to pow- for it to reflect on what lessons might be
the opium trade?
chaos. er in its own right. learned from the painful Afghanistan expe-
In other words, will the Taliban change
The defeat of the South Vietnamese How any reasonable observer could have rience.
its ways and behave in such a manner that
army in 1975 might have influenced devel- believed otherwise is confounding. One lesson that should be paramount as
it does not constitute a threat to its neigh-
opments in the neighbouring states of In- far as America and its allies are concerned:
bours, and the region more generally?
do-China, but fallout was largely contained. From America’s perspective, its exit from One lesson that should fighting “failed state” wars is a losing prop-
Afghanistan is different in the sense that Afghanistan leaves its attempts to breathe be paramount osition.
while America’s credibility and self-confi- life into the nuclear deal with Iran as its
dence was battered in Vietnam, it remained main piece of unfinished Middle East busi- Saudi Arabia will be unsettled by devel- TONY WALKER
the dominant military force in the western ness – if we put aside the seemingly intracta- opments of the past few days because it is A Friend of The Conversation.
Pacific before China’s rise. ble Israel-Palestine dispute. not in Riyadh’s interests for American au- Vice-chancellor’s fellow, La Trobe
In the Middle East, a diminished Wash- Attempts to revive the Joint Comprehen- thority in the region to be undermined. But University
ington – in which confidence in its ability to sive Plan of Action (JCPOA) have formed the Saudis have their own longstanding links 21.08.2021
VENDREDI 27 AOÛT 2021 | BIZWEEK | ÉDITION 357 7
POST SCRIPTUM
MARTIN KAUFMAN, ECONOMIC ANALYSIS
Assistant Director in the
How the Pandemic
IMF’s Strategy, Policy and
Review Department
DANIEL LEIGH,
Widened Global Current
Division Chief in the IMF’s
Research Department.
Account Balances
2020 was a year of extremes. Travel all but ceased for a period. Oil prices wildly fluctuated.
Trade in medical products reached new heights. Household spending shifted to consumer goods
rather than services and savings ballooned as people stayed home amid a global shutdown
E
xceptional policy support While external deficits and surpluses are not
prevented a global economic
depression, even as the pandemic
necessarily a cause for concern, excessive
imbalances—larger than warranted by the
The outlook
took a heavy toll on lives and economy’s fundamentals and appropriate
Global current account balances are set to
livelihoods. The global reaction, economic policies—can have destabilizing
widen even further in 2021 but this trend
as seen in major shifts in travel, consumption, effects on economies by fueling trade tensions
is not expected to last. The latest IMF staff
and trade, also made the world a more and increasing the likelihood of disruptive
forecasts indicate that global current account
economically imbalanced place as reflected asset price adjustments.
balances will narrow in the coming years,
in current account balances—a record of a
country’s transactions with the rest of the A year like no other as China’s surplus and the US’ deficit falls,
reaching 2.5 percent of world GDP by 2026.
world.
A reduction in balances could be delayed if
In our latest External Sector Report we found The dramatic fluctuations in current account large deficit economies like the US undertake
that the global reaction to the pandemic deficits and surpluses in 2020 were driven by additional fiscal expansions or there is a
further widened global current account four major pandemic-fueled trends: faster-than-expected fiscal adjustment in
balances—the sum of absolute deficits and • Travel declined: The pandemic led to a current account surplus countries, like
surpluses among all countries—from 2.8 sharp decrease in tourism and travel. This Germany. A resurgence of the pandemic and
percent of world GDP in 2019 to 3.2 percent had a significant negative impact on the a tightening of global financial conditions
of GDP in 2020. Those balances are set to account balances of countries that rely on that disrupt the flow of capital to emerging
widen further as the pandemic continues to tourism revenue, such as Spain, Thailand, markets and developing economies could also
rage in much of the world. Turkey, and even larger consequences for affect balances.
If not for the crisis, global current account smaller tourism-dependent economies. Despite the shock of the crisis and possibly
balances would have continued to decline. • Oil demand collapsed: The collapse in oil due to its worldwide impact, excessive
demand and energy prices was relatively current account deficits and surpluses were
short lived, with oil prices recovering in broadly unchanged in 2020, representing
the second half of 2020. However, oil- about 1.2 percent of world GDP. Most of
exporting economies, such as Saudi Arabia the drivers of excess external imbalances
and Russia, saw current account balances pre-date the pandemic and include fiscal
decline sharply in 2020. Oil-importing imbalances as well as structural and
countries saw corresponding increases to competitiveness distortions.
their oil trade balances.
• Medical products trade boomed: Demand
surged by about 30 percent for medical Rebalancing the world
supplies critical for fighting the pandemic, economy
such as personal protective equipment, as
well as the inputs and materials to make Ending the pandemic for everyone in the
them, with implications for importers and world is the only way to ensure a global
exporters of these items. economic recovery that prevents further
• Household consumption shifted: As divergence. This will require a global effort
people were forced to stay home, to help countries secure financing for
households shifted their consumption vaccinations and maintain healthcare.
away from services toward consumer A synchronized global investment push or
goods. This happened most in advanced a synchronized health spending push to end
economies where there was an increase the pandemic and support the recovery could
in the purchase of durable goods like have large effects on world growth without
electrical appliances used to accommodate raising global balances.
teleworking and virtual learning. Governments should step up efforts to resolve
All of these factors contributed to some trade and technology tensions and modernize
countries seeing a wider current account international taxation. A top priority should
deficit, meaning they bought more than they be the phasing out of tariff and non-tariff
sold, or a larger current account surplus, barriers, especially on medical products.
meaning they sold more than they bought. Countries with excess current account
Favorable global financial conditions, with deficits should, where appropriate, seek to
the unprecedented monetary policy support reduce budget deficits over the medium term
from major central banks, made it easier for and make competitiveness-raising reforms,
countries to finance wider current account including in education and innovation
deficits. In contrast, during past crises where policies. In economies with excess current
financial conditions sharply tightened, account surpluses and remaining fiscal
running current account deficits was harder, space, policies should support the recovery
pushing countries further into recession. and medium-term growth, including
On top of these external factors, the pandemic through greater public investment.
led to massive government borrowing to In the years to come, countries will need to
finance health care and provide economic simultaneously rebalance, while ensuring
support to households and firms, creating that the recovery is built on a solid and
large uneven effects on trade balances. durable foundation.
Cont’d on page 8
VENDREDI 27 AOÛT 2021 | BIZWEEK | ÉDITION 357 8
POST SCRIPTUM
MARIANO MOSZORO,
Senior Economist in
the IMF’s Fiscal Affairs
Department
Economic Activity: Putting
Public Investment to Work
For countries on the path to recovery, reviving economic activity is a major priority. And
what better way to support a come-back than by creating jobs. Our new IMF staff research
shows that when governments spend on infrastructure, they create many new jobs
Drawing on a 19-year dataset of over 5,600 that number falls to around 8.
construction companies from 27 advanced In advanced economies, $1 million of
economies and 14 emerging market spending can generate an average of 3 jobs
economies, we use an innovative approach in schools and hospitals and over 6 jobs in
to measure the direct employment effect the energy sector, assuming intermediate
of $1 million of infrastructure spending labor mobility and labor intensity levels.
by country income group and sector— In low-income developing countries, the
electricity, roads, schools, hospitals, and estimates are much larger and range from
water and sanitation. Because there is no 16 jobs in roads to 30 jobs in water and
data available for low-income developing sanitation. Put differently, each unit of
countries, we estimate the employment public infrastructure investment creates
impact by extrapolating from advanced more direct jobs in electricity in high- agricultural pumps and recycling.
economies and emerging market economies. income countries and more jobs in water Investment in research and development
Our latest chart of the week shows average and sanitation in low-income countries. can also create jobs—though mostly,
estimates, by sector, of the number of if not exclusively—for high-skilled
jobs that additional investments create The benefits of investing in workers. Despite it being a much smaller
along the supply chain. The amount of job renewables and innovation component of public investment—mostly
creation depends on labor mobility—how to government institutions and higher
easy it is to move across companies within The impact could be higher for green education—around 4 jobs are created in
sectors—and labor intensity—defined as investment, in part because many jobs in R&D per $1 million invested.
the labor effects down the supply chain in a renewables do not require much education These results indicate that public spending
sector. For example, in an emerging market beyond high school and have low barriers to on infrastructure can make a meaningful
economy with high labor mobility and high entry. Per $1 million invested, around 5–10 contribution to job creation. Overall, one
labor intensity, around 35 jobs are created jobs could be created in green electricity, percent of global GDP in public investment
in water and sanitation per $1 million of 2–12 jobs in efficient new buildings like spending can create more than seven million
additional investment. In a country with schools and hospitals, and 5–14 in green jobs worldwide through direct employment
low labor mobility and low labor intensity, water and sanitation through efficient effects alone.
makes searching simple
Official online directory of Mauritius Telecom
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VENDREDI 27 AOÛT 2021 | BIZWEEK | ÉDITION 357 9
DEBRIEF
WEBINAIRE ACCA / MIOD : « DÉVELOPPEMENT DURABLE ET PRODUCTIVITÉ »
Données, ressources
et nouvel état d’esprit
nécessaires pour une
indispensable mise
en œuvre rapide
Le bureau mauricien de l’Association of Chartered Certified Accountants (ACCA) et
le Mauritius Institute of Directors (MIoD) ont organisé le 19 août 2021 un webinaire
sur le thème « Développement durable et pro ductivité », destiné aux membres de ces
deux organisations professionnelles et du monde des affaires. Les participants étaient :
Quand Mégane Salmon prend
Jacqueline Sauzier, secrétaire générale de la Chambre d’Agriculture de Maurice, Mar-
le contrôle des réseaux sociaux
co Dusso, Principal (Climate Action & Innovation) de la firme internationale Bos- du Sugar Beach
Depuis le 14 août, le Sugar Beach accueille Mégane Salmon,
ton Consulting Group ; Philippe Espitalier-Noël, CEO du groupe Rogers, et André une entrepreneure française de 25 ans. Passionnée par les voy-
Bonieux, CEO d’Alteo Ltd. Madhavi Ramdin-Clark, Head of ACCA Mauritius et ages, l’océan et la mode, Mégane vit à Maurice depuis 6 ans.
Après un retour dans son pays natal en juillet dernier, Mégane
Sheila Ujoodha, CEO du MIoD, intervenaient comme organisatrices et facilitatrices est rentrée à Maurice et effectue son séjour au Sugar Beach, hôtel
de l’événement 5* certifié ‘COVID-19 safe’ pour le « in-resort stay ». Pour elle,
L
être dans ce resort réputé de la côte ouest « est une opportunité
a nécessité d’une mise en œuvre rapide de poli- incroyable de partager du contenu authentique et coloré sur les ré-
tiques et de pratiques soutenables ressort de seaux sociaux ». C’est ainsi que Sun Resorts l’a invitée à prendre
toutes les interventions à cette conférence en le contrôle des pages Facebook et Instagram du Sugar Beach afin
ligne. Deux éléments sont au cœur de ce passage à l’acte. de partager son expérience hôtelière pendant les deux semaines
L’un est une prise de conscience sur les gains en perfor- de son séjour. Les internautes peuvent lui poser des questions et
mance opérationnelle, financière et dans la création de faire des suggestions d’activités que ces derniers auraient aimés
valeur - au-delà de la nécessité de sauvegarder l’environ- voir « en live ».
nement naturel et d’assurer la pérennité face aux effets
du changement climatique. L’autre est la disponibilité
- et donc la mobilisation parfois difficile ou longue - des Konkour Diskour lor Lintegrité :
ressources essentielles à la prise de décisions éclairées et
à la mise en œuvre : données précises, expertises, tech-
Grande finale le 27 août
Ce concours inédit et original, organisé par IMMEDIA sur ce-
nologies, financement… Cette approche a été soulignée Pratiques agricoles tte valeur humaine essentielle mais de plus en plus rare qu’est
d’emblée par Marco Dusso. Le consultant internation- l’intégrité, a livré ses finalistes. En effet, le Jury a sélection-
al, qui accompagne déjà un des principaux conglom- La fertilité des sols sous canne est en effet un sujet né 2 Finalistes dans la catégorie des Moins de 25 ans, Nicolas
érats mauriciens dans sa démarche de développement préoccupant. Jacqueline Sauzier n’a pas manqué de Tourneur, âgé de 22 ans, et une adolescente de 14 ans, Izdihar
durable, a mis en exergue la dimension économico-fi- rappeler quelques chiffres : le rendement à l’hectare Jaunnoo. Pour la catégorie des Plus de 25 ans, les Finalistes sont
nancière du sujet. est passé d’environ 16 tonnes au tout début des an- Wendy Wong Tak Wan, Djouneid Fatemamode, Naden Manik-
« Le rendement total pour les actionnaires, comparé entre di- nées 2000 à moins de 13 tonnes en 2019, avec pour kam, Arvind Mungroo, Ahmed Bachun et Eddy Jolicoeur. Ils
vers secteurs d’activité entre 2017 et 2020, montre que des ‘green conséquence une production de 9 tonnes de sucre par ont tous entre 30 et 65 ans. Le Jury, composé de Jyoti Jeetun,
champions’ de première génération font aussi bien en termes de hectare en 2000 et d’environ 7 tonnes par hectare une Henry Wan, Jane Ragoo et Vèle Putchay, fera son choix final le
RTA que les leaders technologiques comme Apple, Google et Face- vingtaine d’années plus tard. Les techniques agricoles et vendredi 27 août à l’hôtel Labourdonnais, au Caudan.
book. Ceux de deuxième génération comme Tesla et Beyond Meat la mentalité des agriculteurs doivent évoluer, estime la
font au moins deux fois mieux », affirme le responsable de secrétaire générale de la Chambre d’Agriculture. L’utili-
Boston Consulting Group. sation parfois excessive des produits chimiques dans les La Premier League jusqu’en 2025
USD 6,5 milliards
champs de cannes et de légumes n’apporte pas néces-
sairement une amélioration du rendement, indique-t-
avec CANAL+ Maurice
CANAL+ MAURICE acquiert les droits de la Premier League
pour les objectifs elle. pour trois saisons supplémentaires. Salah, Foden, Cavani, Kane,
La question délicate de la production électrique à Rashford, De Bruyne, Aubameyang, Kanté, Pogba, Lloris... Le
Le CEO de Rogers, également président de la com- Maurice - qui repose pour une part non négligeable sur championnat de football le plus prisé, le plus emblématique, avec
mission ‘Sustainability and Inclusive Growth’ de Busi- l’utilisation de la bagasse - intéresse aussi la Chambre ses stars, ses clubs mythiques et ses derbys endiablés reste sur
ness Mauritius, a fait le lien du contexte global avec d’Agriculture. Le dernier Budget a augmenté de façon CANAL+ pour trois saisons supplémentaires à compter de la sai-
la situation mauricienne. « Nous avons aussi défini un importante la part de sources renouvelables, la faisant son 2022-2023. « Parce que nos abonnés restent notre plus grande
objectif de réduction de CO2 d’ici 2030 mais à dix ans passer de 35% à 60% à l’horizon 2030. Ce qui im- priorité, nous mettons tout en œuvre chaque année pour leur offrir
de cette date, nous sommes clairement sur la mauvaise plique de nouvelles discussions entre les producteurs la meilleure des expériences. Le football étant le sport roi à Maurice,
trajectoire ». Il faudrait mobiliser 6,5 milliards de dollars privés et le gouvernement, mais aussi l’identification de nous sommes très fiers et heureux d’avoir obtenu les droits de retrans-
pour respecter les engagements mauriciens au sujet des nouvelles sources de biomasse, ou une utilisation plus mission de la Premier League jusqu’en 2025 », a indiqué Ghislaine
Contributions déterminées au niveau national (CDN) à conséquente de certaines sources actuelles, ou encore Tchibozo, CEO de MC Vision/CANAL+ Maurice.
l’horizon 2030, rappelle Philippe Espitalier-Noël. de processus améliorés.
Respekte Moris : La côte Est, Bel-
Ombre, Le Morne et Wolmar nettoyés
La troisième étape de la cam- mar. Cette initiative conjointe du du tourisme mauricien, incluant
pagne nationale de sensibili- ministère de l’Environnement, les opérateurs du secteur, sans
sation à la propreté et nettoy- du ministère du Tourisme, de oublier les autorités locales de
age Respekte Moris a eu lieu la MTPA, de l’AHRIM, de la chaque région. La journée de
ce jeudi 19 août. Pas moins de Tourism Authority, de la Beach nettoyage a été officiellement
quatre régions de l’île étaient Authority et de la délégation de lancée lors d’une cérémonie pro-
au programme : la côte Est, l’Union Européenne réunit tous tocolaire qui a eu lieu au Mao, à
Bel-Ombre, Le Morne et Wol- les membres de la grande famille Trou d’Eau Douce.
VENDREDI 27 AOÛT 2021 | BIZWEEK | ÉDITION 357 10
DEBRIEF
DRAINAGE
LUX* Le Morne renforce son
L’ingéniosité des engagement en faveur du
développement durable
caniveaux à fente mise en
Depuis quelques années, LUX* Le Morne s’engage activement
dans la promotion du développement durable. Après le projet «
Zero Food Waste » qui vise à lutter contre le gaspillage alimen-
lumière par Transinvest
taire, l’hôtel se joint maintenant aux actions de sensibilisation
pour protéger l’environnement. Le jeudi 19 août, les membres du
personnel de l’établissement ont participé à la campagne « Res-
pekte Moris », mis en place par le ministère de l’Environnement
Carburer à l’innovation pour continuer à mettre des nouvelles techniques de con- dans l’objectif de nettoyer la région côtière du Morne.
LUX* Le Morne a, d’ailleurs, rejoint la plateforme interna-
struction à la disposition de ses clients. Transinvest Construction Ltd, l’un des tional IT MUST BE NOW, qui rassemble tous les établissements
leaders du secteur BTP à Maurice comme à Rodrigues, a été la première à introduire hôteliers ainsi que les voyageurs autour du tourisme durable.
L’établissement a été classé parmi les huit meilleurs hôtels mau-
le système de drainage par l’association de caniveaux à fente dans le pays. Discrète, riciens par Le Conde Nast Traveller ME. Après sa rénovation
efficace et durable, cette solution de gestion des eaux pluviales sur site se veut égale- en décembre 2020, en utilisant des matériaux écologiques et re-
ment simple et peu coûteuse. Elle a, d’ailleurs, été introduite par Transinvest dans cyclés, l’hôtel est plus que ravi que ses pratiques responsables
soient mises à l’honneur et reconnues.
plusieurs projets d’envergure, notamment la construction de l’autoroute M1 à Pailles,
de Jumbo Phoenix Mall, de Bagatelle Mall, de Cap Tamarin et du projet résidentiel SALT of Palmar primé sur
La Réserve à Flic-en-Flac, en cours de développement la plateforme internationale
I ls incarnent la solution esthé-
tique et fonctionnelle idéale
pour l’évacuation des eaux
de pluie ! Les caniveaux à fente
conviennent particulièrement aux
hotels.com
Il est le premier hôtel de Maurice à recevoir une telle note.
SALT of Palmar s’est distingué sur hotels.com, référence inter-
nationale de la réservation en ligne avec quelque 50 millions de
aménagements des centres-villes, membres, avec une note de 9,8 sur 10. Cette pépite hôtelière du
les parcs et jardins, les zones com- groupe The Lux Collective a été plébiscitée par plus de 136 vo-
merciales. Ils permettent un sys- yageurs, lui octroyant pour la plupart la note de 10, soit « excep-
tème de drainage polyvalent qui tionnel ». Certifié VeganWelcome par VeggieHotels en 2019, l’hô-
s’adapte au chantier grâce à leur tel est le seul de l’île Maurice à servir des menus végans chauds
système modulable qui répond aux et froids, végétariens, crudivores, sans gluten et sans lactose,
besoins de tous les types de cahier permettant ainsi à tous ses convives d’y trouver leur bonheur.
des charges.
« Dans notre métier, nous devons
constamment innover et être à l’affût des
Constance Belle Mare :
dernières technologies et techniques de Le restaurant La Citronnelle
construction, afin de proposer les meil-
leurs services en matière de construction profil longitudinal du drain. Une gratter les poussières et débris présente sa recette d’une
d’infrastructures routières, d’ouvrages de grille intermédiaire est fixée à des présents dans le drain. Ceux- ci rénovation réussie
génie civil et de bâtiment, à nos clients. intervalles réguliers pour faciliter sont entassés près de la grille
Ces types de développement se doivent l’accès et le nettoyage. d’inspection, puis récupérées ma-
d’être solides, durables et efficaces au vu « En raison de leur section hydraulique nuellement. Dans le cas où il n’y
de l’envergure du chantier. Il est donc cru- circulaire, la vitesse d’écoulement à la base aurait pas eu d’entretien pendant
cial de venir avec des solutions modernes, des caniveaux à fente est plus élevée que longtemps et qu’un envasement se
sûres, esthétiques et accessibles ; le système sur les drains conventionnels en U ou en serait produit, il est recommandé
de drainage par le biais de caniveaux à maçonnerie. Les caniveaux à fente re- de procéder à un nettoyage par
fente s’inscrit dans ce sens », explique tiennent donc moins les petits débris et un jet d’eau dans le drain à l’aide
Tony Guidroz, directeur de travaux les fines particules, et sont moins sujets à d’une citerne. L’ouverture étroite
chez Transinvest. l’envasement. Cependant, un minimum tout au long du drain capture l’eau
Les caniveaux à fente sont con- d’entretien reste nécessaire », explique le et empêche les débris de surface
struits avec une section transversale directeur de travaux à Transinvest, d’entrer dans le caniveau. Quant
circulaire de différents diamètres Santosh Ramdhonee. aux coûts, ils varient en fonction
allant de 400 mm à 600 mm, avec Les caniveaux à fente sont net- du terrain et de la finition adoptée
une fente de 30 à 40 mm le long du toyés avec un jeu de spatules pour pour les drains.
Un espace de vie créatif et interactif, où il fait bon manger et
se détendre. Constance Belle Mare Plage a profité de la fermeture
Bilan trimestriel : Bénéfice de l’hôtel durant la pandémie pour entreprendre d’importantes
rénovations dans son restaurant principal, La Citronnelle. « Le
net en hausse de 17,7% pour restaurant offrant un style de vie unique, allie parfaitement am-
biance conviviale, nourriture exceptionnelle, service d’excellence
et spiritueux raffinés. Nous avons voulu offrir un concept unique
Vivo Energy Mauritius : nous proposons non seulement l’un des buffets les plus com-
plets et de qualité de l’île, mais nous permettons à nos convives
de participer à l’élaboration de leur plat à travers de espaces de
Vivo Energy Mauritius, société
détentrice de la franchise Shell à cuisson ouverts », déclare Gert Puchtler, directeur général de cet
Maurice, annonce avoir réalisé, au hôtel 5- étoiles.
deuxième trimestre 2021, un béné-
fice net de Rs 12,7 millions, soit MC Vision récompense
une hausse de 17,7%. Le bénéfice
net s’était élevé à Rs 10,8 millions les gagnants de sa loterie
à l’issue d’un exercice similaire en « Ensemble, célébrons le foot »
Les grands gagnants de la loterie « Ensemble, célébrons le foot
», organisée par MC Vision/CANAL+ Maurice du 1er juin au 31
2020. Le chiffre d’affaires a pro- cacité opérationnelle a également juillet dernier, étaient réunis à Le Nénuphar, espace de cowork-
gressé de 72%, passant de Rs 1,4 permis de réduire les coûts et, par ing dans les Arcades Currimjee, le jeudi 19 août, pour la remise
à Rs 2,4 milliards. conséquent, accroître la rentabil- des prix. Ainsi, tous ceux ayant les chaînes CANAL+ SPORT
La reprise progressive dans ité. Les gains enregistrés sur les dans leur abonnement, étaient automatiquement éligibles au ti-
de nombreux secteurs économ- marchés boursiers mondiaux et rage au sort, qui s’est tenu, le 4 août dernier au Mauritius Turf
iques à Maurice a amélioré la locaux en plein rebond ont per- Club. Au total, 23 abonnés repartent avec des lots exceptionnels,
performance en termes de vol- mis, quant à eux, d’annuler les tels que des Smart TVs 4K-UHD de 65” avec Sound Bar, des
ume au deuxième trimestre par coûts de réévaluation de la péri- home cinémas, des tablettes tactiles ainsi que des interventions
rapport à la même période en ode précédente liés au régime de techniques offertes pendant deux ans.
2020. L’amélioration de l’effi- retraite à prestations définies.You can also read
