Lesotho - Agricultural Sector Adjustment Programme

The Agricultural Sector Adjustment Programme is a priority in the development objectives of the Government. It is a sub-component of a larger project, the Agricultural Policy Capacity Building Project (APCBP), comprising the Balance of Payments (BOP) and Privatization and Disengagement components. The programme should provide balance of payments support for use by the private sector to import eligible agriculture inputs, equipment and implements for accelerated private investment in the sector. The grant provided by the programme should facilitate completion of the remaining agricultural pricing and marketing reforms for bread, fruits and vegetables, pulses, sugar and livestock products. It should support privatization and divestiture of eligible agricultural parastatals by financing activities aimed at preparing them for sale. The programme comprises of the following components: (i) Balance of Payments Support and ii) Capacity Building and Privatization.