The Bank of Mauritius (BoM)  is closely monitoring the evolution and impact of COVID-19 on the Mauritian economy, reads Thursday, March 5 on the website of the Central Bank.

On this basis, the institution informed that it has  set up a special cell to examine any potential impact on the banking sector and the economy as a whole.

The BoM stresses that it  will work closely with  stakeholders, including   the Mauritius Banker's  Association to develop a protocol.

This agreement will then be adopted in the event of adverse circumstances for the banking sector.

For  the governor of the BoM, Harvesh Seegoolam, his institution is closely following  the developments in Mauritius of the coronavirus.

" The Bank will put into practice any measures that are appropriate to support the business community and maintain price stability and promote orderly and balanced economic development."

The Central Bank has set itself the major objective of maintaining the stability of the financial system (monetary policies)  in order to support growth, which is necessary for  development.