LS- First Growth and Competitiveness DPG

closed

The objective of the First Growth and Competitiveness Development Policy Grant Project for Lesotho is to assist the Government in implementing a reform program aimed at promoting growth, competitiveness and public sector efficiency. The DPO supports progress towards the Country Assistance Strategy objectives of fiscal adjustment and public sector efficiency and enhanced competitiveness and diversification. This development policy grant is designed to support the government reforms to: (i) improve private sector competitiveness, through implementing key investment climate reforms; (ii) improve the sustainability and efficiency of public spending, through fiscal consolidation and public financial management and public procurement system reforms; and (iii) improve social protection and monitoring systems, through improving the targeting of social safety net programs and strengthening the statistical system.