Lesotho - Institutional Support Project For Debt and Expenditure Management (ISPDEM)

This intervention concerns the Institutional Support Project for Debt and Expenditure Management (ISPDEM). It’s designed to promote sustainable management of public debt and improve efficient use of public resources. The Project will provide technical assistance and capacity building support in two priority areas: (a) institutional strengthening for public debt management; and (b) public expenditure management through strengthening public investment management and supporting modernization of financial reporting processes. It will build knowledge and develop skills in specific areas related to public debt management, Public Investment Management, domestic capital market development, contingent liabilities, and asset management. The project will also support the development of a Public Sector Investment Database as well as supporting interfacing and roll-out of debt management and financing reporting systems. This intervention has three components, namely: (a) Strengthening capacity in public debt management; (b) Strengthening capacity in public expenditure management; and (c) Project management.