Kingdom of Lesotho: Joint Staff Advisory Note on the National Strategic Development Plan
International Monetary Fund, Dec 12, 2012 - Business & Economics - 13 pages
Lesotho’s National Strategic Development Plan (NSDP) serves as an implementation strategy for the national vision. It recognizes the significant challenges Lesotho faces in reducing poverty and making growth more broad-based. Overall, it presents a coherent analysis and offers an appropriate path forward to sustained poverty reduction and sustainable economic growth. Executive Directors find that a well-designed implementation and monitoring framework is necessary. Implementation of the NSDP will be a key challenge.
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achieve adapt to climate addition ambitious business environment Capacity-building challenge climate change comprehensive financing plan create critical degradation and adapt development partners economic diversification economic growth education and training employment enhance exogenous shocks financial sector focus on improving gender policy framework Government Government’s impacts implementation phase important improved access improving the investment increasing inﬂation institutional capacity integrated transport system INTERNATIONAL DEVELOPMENT ASSOCIATION International Monetary Fund interventions investment climate reform July 9 key structural reforms KINGDOM OF LESOTHO Legal Capacity Lesotho’s development Monitoring and Evaluation national poverty NSDP implementation NSDP recognizes NSDP scenario NSDP’s focus percent policy reforms potential reform areas Poverty Analysis Poverty Assessment 2010 Poverty Reduction Strategy private sector production proposed public financial management public sector recognizes the need reverse environmental degradation risks SACU revenue skills social safety social safety net South Africa Staffs concur Staffs recommend strengthen sustainable targets time-bound World Bank