Resource information

Date of publication: 
juillet 2016
Resource Language: 
ISBN / Resource ID: 
oai:openknowledge.worldbank.org:10986/24683
Copyright details: 
CC BY 3.0 IGO

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.

Authors and Publishers

Author(s), editor(s), contributor(s): 
World Bank Group
Publisher(s): 
Intergovernmental or Multilateral organization

The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.

Data provider

Intergovernmental or Multilateral organization

The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.

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