On 16 February 2022, the Bank of Mauritius (BoM) released a communique to announce that it has signed a Memorandum of Understanding (MoU) with the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region.

At the core, this MoU has the purpose of facilitating exchange of information and sharing of expertise with regard to banking and financial services between the two entities, but it also generates opportunities for:

1. establishing a framework that encompasses the organisation of meetings, consultations, seminars, workshops, internships as well as study visits and experts’ visits in areas of common interest with regard to capacity-building in the financial services industry.
2. strengthening collaboration in the field of research pertaining to financial services, banking, cybersecurity and FinTech, among others.

For more information, access the full communique from the BOM here

In the same vein, the BoM announced the signing of a MoU with the Banque Centrale des Comores to strengthen the existing bilateral cooperation between the two institutions as well as improve exchange of information on cross border supervision, on-site inspections of cross border establishments, capacity building, and collaboration in key areas of mutual interest.

Read the full communique published on 19 February 2022 here