Pressure is building on central banks to lower interest rates and help the global economy stave off the threat of recession. The European Central Bank (ECB) failed to deliver a rate cut in July, but the US Federal Reserve (Fed), after much talk, finally ‘walked the walk’ on the last day of the month and reduced interest rates for the first time since 2008.

The Economic Development Board of Mauritius (EDB) is informing the general public and the international investor community that Mauritius has been removed from the initial list of countries published by the OECD.