Over the past two decades, wideranging structural reforms, supported by prudent policies, have established Mauritius as a top regional performer. The economy grew strongly and attracted high capital inflows. The country successfully diversified from sugar into textiles, then tourism, and more recently communication and financial services. Growth declined in the face of the recent global downturn, but the authorities successfully cushioned its impact with a comprehensive policy package that included fiscal stimulus, monetary easing, ensuring foreign exchange (FX) liquidity, strengthening the social safety net, and measures facilitating private sector debt restructuring and preservation of jobs.