Mauritius rises to 61st on the GFCI 35, solidifies its position as top financial center

Mauritius rises to 61st on the GFCI 35, solidifies its position as top financial center

Mauritius
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Mauritius is making significant strides in establishing itself as a prominent global financial center, as demonstrated by its improved rankings in the latest Global Financial Centres Index 35 (GFCI 35) and the Fintech Index.
Mauritius has climbed to 61st position, up from 68th in September 2023 and 81st in March 2023, in the GFCI rankings, while also advancing in the fintech sector from 101st to 87th. On the regional front, Mauritius maintains its 5th position in Africa (GFCI 34 – September 2023: 5th in Africa and GFCI 33 – March 2023: 8th in Africa).
This progression highlights Mauritius’s robust financial infrastructure, favorable business environment, and its commitment to innovation and entrepreneurship in fintech. The leadership at the Financial Services Commission (FSC) has evidently played a crucial role in elevating Mauritius’s financial sector. Their focus on enhancing regulatory frameworks, coupled with strong government support and collaboration with industry stakeholders, aligns with Mauritius’s broader objective to develop a robust financial sector. This sector is not only aimed at stimulating economic growth and innovation but also at ensuring sustainability. These efforts are integral to strengthening Mauritius’s position as a competitive player in the global financial arena.
The GFCI was first published in 2007 and is a joint publication of Z/Yen and the China Development Institute. It is a bi-annual report which assesses the competitiveness of IFCs based on 5 broad areas namely: Business Environment, Human Capital, Infrastructure, Financial Sector Development and Reputation. For the GFCI 35, a total of 133 financial centres were assessed, but the number of centres in the main index remained at 121 and the remaining are associate centres awaiting their inclusion in the main index.

To access full GFCI 35 report, please click here