The Bank of Mauritius (BoM) has been conferred ‘Best Central Bank Governance – Indian Ocean 2017’ by the London-based Capital Finance International (CFI.co) magazine.

The judging panel lauded the BoM’s commitment to technological innovation and sustainable development and highlighted the bank’s “determination to stay a few steps ahead of developments and ensure the country’s financial services industry – a mainstay of the local economy – keeps its competitiveness and attractiveness". The panel also commended the BoM on its efficient monetary policies and its initiatives that have strengthened the country’s regulatory framework. The BoM was also commended on its forward-looking approach to both innovation and supervision.

According to CFI.co, the conferment of this award to the BoM for the entire Indian Ocean region goes through a stringent selection process based on a wide range of criteria. Initial nominations for this award covering the entire Indian Ocean region come from CFI.co readers and subscribers, which include multilateral institutions such as the World Bank, United Nations entities institutions such as the European Central Bank amongst others.