Although Mauritius has reinvented itself before, the consequences this time challenge its economic philosophy and will require vision, creativity and innovation.
COVID-19 has devastated the tourism and hospitality industry which has effectively been halted with border closures - both those of Mauritius and other countries.
Anuradha Ramphul, Managing Director at financial services consultancy St Lawrence Management, believes the reputation damage is already evident: 'We have seen some initial impact outside of the EU last week, for example, the Reserve Bank of India turning down investment proposals from Mauritius-based entities in the Indian financial services industry.'
The country's strategic location and geopolitical appeal to foreign powers allow it to develop new sectors and industries tailored to specific needs.
Looking ahead, Mauritius' strong services focus positions it to play in emerging sectors like health and medical tourism, medical cannabis technology and green-geared industries.
