According to figures from the Bank of Mauritius, Global Business License Holders in Mauritius held gross foreign assets worth Rs 16,2 trillion in 2019.
The Bank of Mauritius has released a revised External Sector Statistics (ESS) for calendar year 2019. The ESS revisions incorporate data culled from the annual Global Business License Holders (GBLHs) Survey as well as amendments in other data collected for 2019.
The GBLHs Survey 2019 targeted the population of global business companies. The survey showed that gross foreign assets of Global Business License Holders increased by Rs0.7 trillion, from Rs15.5 trillion (equivalent to USD453.8 billion) as at the end-2018 to Rs16.2 trillion (equivalent to USD442.8 billion) as at the end-2019. Global business companies hold mainly Rs 7,8 trillion in equity and Rs 4,4 trillion in portfolio investment.
Global Business License Holders ‘ gross foreign liabilities increased from Rs 14.9 trillion (equivalent to USD436.1 billion) to Rs15.6 trillion (equivalent to USD427.5 billion) over that period. Consequently, the net foreign assets of GBLHs stood at Rs0.6 trillion (equivalent to USD15.3 billion) as at end-2019, lower by Rs45.0 billion (equivalent to USD2.4 billion) compared to end-2018.