Development Bank of Mauritius

Ravneet Chowdhury serves as CEO, overseeing all lending and investment operations. The board, chaired by Gopee Luchoomun as of 2024, sets the strategic mandate within the government's policy framework. Day-to-day credit decisions are made through an internal investment committee structured around the bank's development priorities.

DBM is fully state-owned, with its capital base originating from Government of Mauritius allocations and retained earnings. Unlike multilateral development banks, DBM does not rely on external donor capital or foreign member-country subscriptions. Its lending capacity is tied directly to sovereign fiscal transfers and its own portfolio returns.

The bank's mandate excludes sectors that do not align with Mauritius's national development plan. It does not finance speculative real estate, gaming, or activities inconsistent with the government's environmental sustainability commitments. Its focus remains on productive sectors such as manufacturing, agriculture, renewable energy, and infrastructure.

DBM operates predominantly through direct lending and project finance rather than fund commitments. It structures loans, leases, and direct equity positions in enterprises and infrastructure projects. The bank does not market itself as an LP in third-party private equity or venture funds.

DBM is a development finance institution with an economic growth mandate, entirely separate from the Bank of Mauritius, which is the nation's central bank responsible for monetary policy and financial stability. DBM takes guidance from the Ministry of Finance, not the central bank.