Mauritius renewed its membership to the World Alliance of International Financial Centres (WAIFC) in July 2020, having joined this initiative a year before.

The WAIFC is a strategic initiative regrouping reputable International Financial Centres (IFCs) across the globe. It essentially aims at fostering cooperation, communication and exchange of best practices among financial centres.

In renewing its membership this year, Mauritius reinforces its reputation as an IFC of choice and further advocates the importance of the Mauritian IFC in the global economy especially in developing and emerging countries. Leveraging the Economic Development Board’s directorship in the WAIFC, Mauritius partakes a very active role the development of IFCs.

The WAIFC also conducts projects for the benefit of its members as well as maintains a Financial Centre Database. In view of the pandemic crisis, the WAIFC has undertaken a number of surveys on the post-Covid 19 Economic Recovery which saw the participation of all its members including the EDB.