2010 & Present
The Labour-MSM-PMSD alliance was made and they won an overall of 47 seats against the MMM which obtained only 22 seats.The MSM came back in force from 10 Mps to 13 Mps in parliament and supported the coalition government of Navin Ramgoolam.
Following the victory, he was appointed as Vice Prime Minister and Minister of Finance thus getting back the office he held from 2003 to 2005. Pravind Jugnauth lasted only thirteen months to the Ministry of Finance from 2010 to 2011. His performance as Treasurer showed that the economic crisis continued and internationally this had impact on the local economy. The recovery was slow in coming even though the country had grown in 2010.The indicators were negative. There was some scarcity of foreign direct investment. Economic growth was driven mainly by infrastructure spending. Despite the crises, the inflation rate was properly maintained and budget deficit was reasonable. The trade deficit was under control.
On the 26 July 2011 at 11.55 am, he resigned from his office and all other MSM members resigned as well. However, they continued to support the government however seating as back benches. This was due to the Medpoint Scandal that was discovered by then opposition party MMM.
Read more about this topic: Pravind Jugnauth
Famous quotes containing the word present:
“The new man is born too old to tolerate the new world. The present conditions of life have not yet erased the traces of the past. We run too fast, but we still do not move enough.... He looks but he does not contemplate, he sees but he does not think. He runs away from time, which is made of thought, and yet all he can feel is his own time, the present.”
—Eugenio Montale (1896–1981)