The Bank of Mauritius aims to reduce its involvement in the Mauritius Investment Corp (MIC), established during the Covid pandemic to support the economy. Governor Rama Krishna Sithanen stated that the central bank should not engage in investments that stray from its core functions, highlighting potential conflicts of interest. The MIC, funded with 81 billion rupees ($1.74 billion), has disbursed 56.8 billion rupees to various sectors, particularly tourism. Sithanen emphasized the need to strengthen the bank’s balance sheet and return to its primary mandate, advocating for a solution to remove the MIC from the central bank’s financial statements.