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AfrAsia Bank Limited and its Group Entities
Annual Report 2015
page 117
CONTROL OF CORRUPTION, 2005-2013
CORRUPTION PERCEPTION INDEX BY INSTITUTIONS, 2012
-0.5
0.5 1.0 1.5 2.0 2.5
0
2013
2005
Singapore
Barbados
Chile
OECD
Malaysia
Seychelles
Mauritius
South Africa
Score (-2.5 to 2.5)
None
Some of Them
Most of Them
All of Them
Don’t Know
36
40
6
0
18
33
40
5
0
20
25
51
8
2
13
18
56
7
2
16
11
66
12
2
9
8
67
16
3
7
7
71
16
2
5
8
74
12
0
5
Judges &
Magistrates
The President
& O cials
The Prime Minister
& O cials
Tax O cials
Members of the
National Assembly
Local Government
Councillors
The Police
Government
O cials
Control of corruption, 2005-2013
Source: Worldwide Governance Indicators
Corruption perception index by Institutions, 2012
Source: Afrobarometer Mauritius (2012)
Moody’s rating and Mauritius’ regional leadership role
The international rating agency Moody’s Investors Service maintained its sovereign rating of ‘Baa1’ (stable) for Mauritius, following
its latest country assessment released in mid-2014. Moody’s believes that the Mauritian economy has demonstrated resilience to
the adverse external environment in recent years. However, it is concerned about the high level of public debt and the question
arises whether the Government will be able to reduce the debt ratio to 50% of GDP by 2018, as officially announced.
Mauritius continues to consolidate its position and reputation as an easy place to do business. The 2015 Index of Economic
Freedom, published annually by The Wall Street Journal and The Heritage Foundation, ranks Mauritius as the 10
th
freest economy
in the world. Its ranking in the World Bank report Doing Business 2015 was 28
th
of 189 economies, and 1
st
in sub-Saharan for the
eighth consecutive year. According to the 2015 report, Mauritius carried out reforms that have eased the process of starting of a
business in the country. Mauritius ranked 29 out of 189 in this area, with five procedures required to start a business, taking six days
and at a cost of 2.1% of income per capita. This performance is better than the average for OECD countries. Also, Mauritius made
notable improvements to coverage, scope and accessibility of credit information lifting the country up 6 places to rank 36 globally
on this indicator. Mauritius has been improving its position in international indexes for the rule of law, investment, and ease of doing
business. The report also shows that Mauritius made progress in the category of ‘enforcing contracts’ and ‘resolving insolvency’ –
ranking 44
th
and 43
rd
, respectively. However, more work needs to be done to sustain and build on these efforts to ensure a conducive
business environment in the country. According to The World Economic Forum Global Competitiveness Report (GCR) 2014-2015,
more efforts are required in terms of improving efficiencies in government bureaucracy, addressing the inadequate supply of ‘first-
class’ infrastructure and improving human capital. The Government’s objective is for Mauritius to rank among the top 15 most
investment and business-friendly locations in the world over the next decade.