Kingdom of Lesotho: Poverty Reduction Strategy Paper: National Strategic Development Plan
IMF Staff Country Reports, May 11, 2012
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- Kingdom of Lesotho: Poverty Reduction Strategy Paper: National Strategic Development Plan
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Bibliographic details
- Published: May 11, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475503241.002
Overview
- Paper describes the Kingdom of Lesotho’s Poverty Reduction Strategy Paper and National Strategic Development Plan (NSDP) 2012/13–2016/17.
- NSDP recognizes the need and urgency for Lesotho to radically transform its economy to achieve the National Vision goals, reduce poverty, and achieve sustainable development.
Strategic goals and priorities
- Pursue high, shared, and employment-creating economic growth.
- Develop key infrastructure to support growth and poverty reduction.
- Emphasize export-led growth and leveraging comparative advantage.
Fiscal and economic impact
- The mining investment of more than M 5 billion is expected to:
- Lead to increased diamond exports.
- Contribute to higher GDP.
- Support faster growth in tax revenues.
Subject areas and keywords
- Subject: Education, Environment, Health, Infrastructure, Labor, National accounts
- Keywords: Africa, comparative advantage, CR, development plan, economic growth, exchange rate, export-led growth, Global, Infrastructure, ISCR, labour force, management system, monetary policy, private sector, Southern Africa