Country profile Lesotho 2015
Author(s)/Corporate Author (s)Duda-Nyczak, Marta;
United Nations.Economic Commission for Africa.Subregional Development Centre for Southern Africa;
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The economy of Lesotho continued to experience moderate growth of 3.6 per cent in 2014 (Bureau of Statistics, 2015) due to the global economic recovery and increased external demand. The recent positive growth figures are driven by agriculture, mining and large-scale construction projects, as well as the health, financial inter-mediation, transport and communications sectors. On the fiscal side, Lesotho’s budget is to a large extent financed by Southern African Customs Union (SACU) transfers, whose volatility remains an obstacle to planning fiscal consolidation. Policymakers should therefore focus their attention on good governance of the sector, supporting developments in other sectors such as tourism and mobilizing resources to increase access to water for the Basotho people.
Citation“Duda-Nyczak, Marta; United Nations.Economic Commission for Africa.Subregional Development Centre for Southern Africa (2016-03). Country profile Lesotho 2015. Addis Ababa:. © UN. ECA,. ”
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