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Kingdom of Lesotho : Country Partnership Framework 2016-2020

WASTE TARIFFS RISKS CAPITAL MARKETS GOVERNMENT EXPENDITURES ECONOMIC GROWTH PEOPLE POLICY ENVIRONMENT ENVIRONMENTAL DEGRADATION WASTE MANAGEMENT FINANCIAL MANAGEMENT PREVENTION LAWS PUBLIC SECTOR PRODUCERS RESOURCE MANAGEMENT PROPERTY RIGHTS BALANCE OF PAYMENTS NEEDS ASSESSMENT FINANCIAL RESOURCES RESOURCE ALLOCATION DEBT MANAGEMENT LABOR FORCE SERVICES FINANCIAL MANAGEMENT INFORMATION HEALTH CARE POLITICAL ECONOMY REVENUES ECONOMIC EFFECTS HUMAN RESOURCE MANAGEMENT INCENTIVES HEALTH HOLISTIC APPROACH MODELS SUSTAINABLE DEVELOPMENT SOCIAL ASSISTANCE AUDITS ECONOMIC ANALYSIS LIFE EXPECTANCY POVERTY REDUCTION KNOWLEDGE FISCAL POLICIES OIL PATIENT PATIENTS INTERVENTION POPULATION GROWTH SECONDARY SCHOOLS INDUSTRIAL WATER LABOR PRODUCTIVITY OPTIONS MIGRATION OBSERVATION OPEC VIOLENCE DEBT MARKETING LAND DEGRADATION POLLUTION DISASTERS EXTENDED FAMILIES TECHNOLOGY TRANSFERS DIVIDENDS SERVICE DELIVERY MIGRANTS GROSS DOMESTIC PRODUCT MORTALITY EFFICIENCY FOOD PRODUCTION TAXES GRANT PROGRAM PRIMARY SCHOOLS EXPENDITURE RESOURCES UNEMPLOYMENT EQUITY CONSUMPTION RURAL COMMUNITIES ACCOUNTABILITY WORKERS WAGES CLIMATE CHANGE AGED PUBLIC EXPENDITURE IMMUNODEFICIENCY MARKET PRICES CREDIT QUALITY STANDARDS DEMAND HEALTH OUTCOMES NATIONAL INCOME PUBLIC EXPENDITURES FAMILY PLANNING ELECTRICITY GENERATION STRESS EXPENDITURES POVERTY REDUCTION STRATEGY PROPERTY DECISION MAKING FISCAL YEAR CHILD NUTRITION AGRICULTURAL SYSTEMS NUTRITION ENVIRONMENT FINANCIAL MANAGEMENT INFORMATION SYSTEM ELDERLY PEOPLE STREAMS TERMS OF TRADE INTERNET WEIGHT ECONOMIC DEVELOPMENT PREGNANT WOMEN TRADE LAND CHILDREN CLINICS DRINKING WATER QUALITY SERVICE COMMERCIAL BANKS COMPARATIVE ADVANTAGE MINISTRY OF FINANCE FARMS PERFORMANCE ASSESSMENT REVENUE FINANCIAL ACCOUNTABILITY HIGH UNEMPLOYMENT STRATEGY EXCHANGE RATE REGISTRATION FAMILIES ENVIRONMENTAL HOSPITALS PUBLIC SECTOR MANAGEMENT FINANCIAL SECTOR HEALTH SERVICES IMPLEMENTATION CONDOMS PRICES
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World Bank, Washington, DC
Africa | Lesotho
2016-07-13T20:35:04Z | 2016-07-13T20:35:04Z | 2016-06-02

Lesotho is one of the poorest countries in Southern Africa, and has one of the highest income inequality in the world. Home to about 2 million people, Lesotho is surrounded by South Africa, the second largest and most industrialized economy in Africa. Lesotho generates income mainly by exporting textiles, water, and diamonds, and is a member of the Southern African Customs Union (SACU), the Southern African Development Community (SADC), and the Common Monetary Area (CMA). The national currency, the loti, is pegged to the South African rand. Lesotho's main trading partners are South Africa and the United States. The CPF will seek to mitigate four substantial risks to the implementation of the WBG program: (a) political and governance; (b) macroeconomic; (c) climate change and climate- induced disasters; and (d) operating risks (capacity and fiduciary). The lessons from the Country Assistance Strategy Completion and Learning Report (CPS CLR) will play an important role in addressing these risks. The CPF will give high importance to quality and risks at entry for new operations, and continue strong monitoring and supervision. These mitigation factors are essential for achieving sustainable results.

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