Lesotho - Economic Diversification Support Project

The Economic Diversification Support Project (EDSP) aims to support the revamping of Lesotho’s economy, by focusing on the private sector development pillar and building public sector capacity in policy planning, implementation and results monitoring leading to sustained reforms. The Project will complement and enhance the effectiveness of the Bank’s ongoing initiatives by focusing on selected sectors critical for economic diversification, and promoting enterprise development through supporting SMMEs to develop entrepreneurial skills, create linkages with large scale firms through mentorship programs, improve their access to the services of financial institutions and enhance their access to markets. These will be achieved through the following three mutually reinforcing components: (i) enhancing economic diversification; (ii) promoting enterprise development; and (iii) project management support.