The Bank of Mauritius (BoM) has entered into a Memorandum of Understanding (MoU) with the Institut d'Émission des Départements d'Outre-Mer (IEDOM-IEOM), the central banking authority for the French overseas departments, marking a new phase of collaboration between Mauritius and France. The MoU seeks to foster closer cooperation across a range of strategic areas crucial for both the BoM and the Bank of France, such as ensuring financial stability, advancing the modernisation of payment systems, and enhancing the contributions of both banks to broader economic policy.

In addition, the MoU places a strong focus on enhancing cybersecurity within the financial sector, a growing area of concern globally, and on strengthening efforts to combat money laundering and the financing of terrorism. This collaboration demonstrates the commitment of Mauritius and France to not only safeguard the integrity of their financial systems but also to work together on improving resilience and fostering innovation. The agreement underscores the deepening ties between the two nations and paves the way for future initiatives that will benefit both regions economically and financially.