Kingdom of Lesotho: Poverty Reduction Strategy Paper: Joint Staff Advisory Note

IMF Staff Country Reports, April 27, 2006

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The Poverty Reduction Strategy Paper (PRSP) reports that consistent implementation of sound macroeconomic policies is critical to the attainment of poverty reduction objectives.
At the central level, the authorities established sector working groups to facilitate the formulation of informed policies that respond to the identified priorities.
To deal with cross-cutting issues, thematic groups have been established.
The private sector, despite weak organizational capacity at the beginning, made a significant contribution to the preparation of the Poverty Reduction Strategy.

Sector working groups: established at the central level to support informed policy formulation aligned with identified priorities.
Thematic groups: created to address cross-cutting issues across sectors.
Private sector engagement: provided significant contributions to PRS preparation notwithstanding initial weak organizational capacity.

Prioritize consistent implementation of sound macroeconomic policies as a foundational element for achieving poverty reduction objectives.
Strengthen and maintain sector working groups to ensure policy formulation remains responsive to identified priorities.
Maintain thematic groups to ensure cross-cutting issues receive coordinated attention across sectors.
Support capacity building for private sector organizations to sustain and deepen their constructive participation in PRS processes.

_cr06149 - Joint Staff Advisory Note on Lesotho’s Poverty Reduction Strategy
- _cr06149 - Joint Staff Advisory Note on Lesotho’s Poverty Reduction Strategy (Markdown version)
- _cr06149 - Joint Staff Advisory Note on Lesotho’s Poverty Reduction Strategy (PDF)