Vision 2050: SBM Insights Details Four Strategic Pillars to Transform Mauritius
Mauritius is charting its course towards 2050 with a clear ambition: to become an advanced, innovative, and inclusive economy. To achieve this, SBM Insights has identified four strategic pillars that will guide reforms and propel the country towards a more prosperous, sustainable, and competitive future. Here's a closer look!
The Context
The government has launched Vision 2050, an ambitious roadmap aimed at transforming Mauritius in the long term. Developed through extensive national consultations, this strategy aims to prepare the country for global challenges while seizing new economic opportunities.
Structured around three pillars—prosperity, sustainability, and inclusion—Vision 2050 aspires to elevate Mauritius to the status of an advanced economy by 2050, focusing on innovation (AI, robotics, digital services), creating high-value jobs, and fostering new growth engines like the blue economy, renewable energy, and green finance. National consultations that began in January continue, paving the way for the development of the national roadmap by mid-year.
These Four Strategic Pillars to Guide Reforms
Facing multiple and interconnected challenges, Mauritius is called to structure its reform agenda around four transformational pillars, according to SBM Insights, which proposes a set of priority economic measures to support the country’s socio-economic ambitions in the medium and long term.
1. Achieve High-Income Status
Objective: Accelerate growth and per capita income, relying on a more resilient and competitive economy.
Priority Action Areas:
• Support SMEs as essential drivers of value creation and economic dynamism.
• Enhance resource productivity and competitiveness while improving the investment climate and business environment.
• Solidify the foundations of strong and sustainable economic resilience.
• Elevate the quality, skills, and alignment of the workforce to market needs.
• Improve the effectiveness of public policy design and implementation at the national level.
What SBM Insights Says: "To sustainably support growth, job creation, and improved living standards, Mauritius must progress towards high-income economy status by adopting a more productive, competitive, and resilient model. This transition will rely on implementing targeted structural reforms, particularly to stimulate private investment and accelerate economic diversification."
Good to Know:
• Per capita income in Mauritius in 2020: $10,062
• Per capita income in 2024: $13,290
• Per capita income according to the Atlas methodology (2024): $12,970
• The threshold to achieve high-income status: $13,935
2. Work Towards a Technology-Driven Nation
Objective: Place innovation and digitalization at the heart of value and wealth creation.
Priority Areas:
• Implement ambitious and tailored national strategies for digital transformation and adoption of cutting-edge technologies.
• Deploy a national artificial intelligence strategy to generate tangible socio-economic gains.
• Stimulate innovation and productivity growth as transformation drivers.
• Strengthen digital infrastructure to support a competitive economic model.
• Develop the skills and networks necessary for the effective implementation of these strategies.
What SBM Insights Says: "Building a technology-driven nation involves profound transformation of economic and productive models, supported by cutting-edge technologies, digitalization, innovation, and high productivity levels. Such a nation relies on renewed mindsets, a proactive culture of action, and a collective commitment to significant change at all levels."
3. Forge a Sustainable Nation
Objective: Effectively reconcile economic growth, social equity, and environmental protection.
Priority Areas:
• Promote a low environmental impact growth and development model.
• Advocate for a sustainable lifestyle and improve quality of life.
• Promote the concepts and practices of a circular economy.
• Achieve energy transition while enhancing renewable energy supply.
• Strengthen adaptation efforts to climate change to support economic resilience.
What SBM Insights Says: "Mauritius must evolve towards a sustainable development model, low in carbon emissions, resource-efficient, and inclusive, placing human well-being, social equity, and environmental protection at the core of its priorities. This involves adopting a green economy based on responsible governance, decent job creation, energy security, biodiversity protection, and poverty reduction, all while preserving ecological integrity and ensuring quality human development."
4. Evolve Towards an Inclusive Society
Objective: Ensure equal opportunities and access to opportunities while valuing diversity, respect, and a sense of belonging.
Priority Areas:
• Ensure social inclusion and integration of all citizens.
• Promote general well-being without distinction, ensuring equitable access to opportunities.
What SBM Insights Says: "An inclusive society transcends differences in race, gender, class, generation, or geographic location, guaranteeing equal opportunities and the participation of all in defining social institutions. It rests on respect for human rights, cultural and religious diversity, social justice, and attention to vulnerable groups. It is encouraged by targeted social policies that promote the reduction of inequalities and build a flexible, tolerant society open to all."