The bold and beautiful structural reform programs

May be Fazeer could explain this 'bold and comprehensive' trade adjustment program;

Mauritius- Second Trade and Competitiveness Development Policy Loan
IBRD Loan: USD$ 30 Million
TERMS: Maturity= 15 years; Grace= 5 years
PROJECT DESCRIPTION: The objective of the project is to support a bold and comprehensive structural reform program which the Government of Mauritius is implementing in response to two major challenges: (i) the “triple trade shock” of trade preference erosion and high oil prices and (ii) the transition from low wage, low skill sugar and apparel exporter to innovative, knowledge and skill based services economy.