LS-Industry and Agro-Industry FIL (FY91)

closed

The main project objective is to encourage foreign and indigenous investment in the industrial and agroindustries sectors. The project broadly addresses constraints to investment through interventions in the financial sector, investment promotion, agroindustrial development and strengthening of key industrial and financial institutions. Project components are: (a) term credit and an equity fund designed to increase access to financial services currently not available in Lesotho; (b) support for the commercial operation of key agroindustrial parastatals through management contracts and training; (c) support for timely provision of infrastructure for industrial estates; and (d) institutional strengthening and training to (i) strengthen investment promotion, (ii) build the project appraisal and management capacity of financial institutions, (iii) improve institutional performance of 3 corporations, (iv) train entrepreneurs and labor in management and technical skills necessary to improve the quality and competitiveness of Lesotho-made products, and (v) carry out studies to identify reforms and services needed to improve Lesotho's investment environment.