Acronyms and Abbreviations xvi Acronyms and Abbreviations CWA Central Water Authority IAS International Accounting Standards DBM Development Bank of Mauritius IASB International Accounting Standards Board DEM Development and Enterprise Market ICAC Independent Commission Against Corruption DFSC Disciplined Forces Service Commission ICREDES Congolese Institute for Development Research and Strategic Studies DPP director of public prosecutions ICT information and communication technology ECOSOCC Economic, Social and Cultural Council (of the AU) ICTA Information and Communication Technologies Authority EIB European Investment Bank ICU Internal Control Unit EISA Electoral Institute of Southern Africa IFAC International Federation of Accountants EM Enterprise Mauritius IFAD International Fund for Agricultural Development EMS Efficient Management System IFRS International Financial Reporting Standards EOE export-oriented enterprise ILO International Labour Organization EP Empowerment Programme IMF International Monetary Fund EPA Environment Protection Act IMFC International Monetary and Financial Committee EPZ export processing zone INTOSAI International Organization of Supreme Audit Institutions ERB Employment Rights Bill IOC Indian Ocean Commission ESC Electoral Supervisory Commission IOR-ARC Indian Ocean Rim Association for Regional Cooperation EU European Union IPA Information Technology Promotion Agency FDI foreign direct investment IPCC Independent Police Complaints Commission FIAMLA Financial Intelligence and Anti-Money Laundering Act (2002) IRA Industrial Relations Act FIU Financial Intelligence Unit ISA International Standards on Auditing fob free on board ISO International Organization for Standardization FPTP first past the post ITES Information Technology-Enabled Services FRA Financial Reporting Act IVTB Industrial and Vocational Training Board FRC Financial Reporting Council JEC Joint Economic Council FSAP Financial Sector Assessment Programme JLSC Judicial and Legal Service Commission FSC Financial Services Commission LGSC Local Government Service Commission GBC global business companies MACOSS Mauritius Council of Social Service GBL global business licence MACSS Mauritian Automated Clearing and Settlement System GDDS General Data Dissemination System MBC Mauritius Broadcasting Corporation GDP gross domestic product MCB Mauritius Commercial Bank GNI gross national income MCCI Mauritius Chamber of Commerce and Industry GSBL Graduate School of Business Leadership (of UNISA) MCIB Mauritius Credit Information Bureau HDI Human Development Index MCSAR Ministry of Civil Service and Administrative Reforms HIV human immunodeficiency virus MCT Mauritius Container Terminal HRDC Human Resource Development Council MDG Millennium Development Goal HSBC Hong Kong and Shanghai Banking Corporation MECHR Ministry of Education, Culture and Human Resources HSGIC Heads of State and Government Implementation Committee MES Mauritius Examination Syndicate xvii