Sacu-lesotho wt/tpr/S/aaaa Page Annex 2 kingdom of lesotho contents
Source: IMF (2008), Kingdom of Lesotho: Selected Issues and Statistical Appendix.
With the aim of, inter alia, accelerating sustainable growth, improving food security, and reducing unemployment/poverty/HIV, the long-term Vision 2020 and the Poverty Reduction Strategy (PRS) are being implemented with the support of international institutions such as the World Bank, UNDP, and the IMF, including through the Diagnostic Trade Integration Study (DTIS) (Chapter II(4)).12 In addition, the Government is developing a Growth Strategy Paper with the objective of achieving broad-based and sustainable growth. It emphasizes the need to remove legal and regulatory impediments to private-sector growth and public-sector performance, such as enhanced property rights, land reforms, and targeted infrastructure investment.13 Moreover, in September 2008, the compact with the Millennium Challenge Corporation (MCC) for US$362.6 million (about 21% of GDP) entered into force. It is to be implemented over five years and covers water, health, and private‑sector development.14
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