Lesotho

Lesotho is one of the poorest and most unequal countries in the world. It is a small, mostly mountainous, and largely rural country of about 2 million people, completely surrounded by South Africa. The persistence of poverty and rising inequality are striking for an economy that grew at annual rates of 4 percent per capita over the past decade. Redefining the role of the state will be critical for meeting the twin goals through boosting inclusive growth and avoiding macroeconomic and social risks. In this context, this Systematic Country Diagnostic (SCD) is intended to assess development challenges and identify priorities for rapid progress in achieving the objectives of: (i) eliminating extreme poverty on a sustainable basis and (ii) ensuring shared prosperity by improving the welfare of Lesotho’s poorer citizens. The report analyzes the opportunities and challenges in meeting these objectives, focusing on growth, inclusiveness, and sustainability. The SCD concludes by prioritizing the key challenges. Lesotho has an opportunity to eradicate extreme poverty and boost shared prosperity in coming years. It will require shifting to a growth model led by an export-oriented private sector, fortified by higher skilled, more productive, and more entrepreneurial individuals, households, and firms. Lesotho cannot realize this new growth model without redefining the role of the state. For this new model to develop, strong political consensus is necessary to push the difficult reforms needed.

Bibliographic Details

Main Author:	World Bank Group
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2015-06-25
Subjects:	WASTE, TARIFFS, POPULATION DENSITIES, OVERGRAZING, RISKS, RECLAMATION, ECONOMIC INCENTIVES, UNEMPLOYMENT RATES, DURABLE GOODS, GOVERNMENT EXPENDITURES, ECONOMIC GROWTH, PEOPLE, POLICY ENVIRONMENT, ENVIRONMENTAL DEGRADATION, ANTENATAL CARE, ENVIRONMENTAL PROBLEMS, REFRIGERATION, BURNS, PREVENTION, LAWS, AGRICULTURAL PRODUCTION, PRODUCERS, MORBIDITY, LAND RECLAMATION, RESOURCE MANAGEMENT, ENVIRONMENTAL COSTS, SEXUAL HEALTH, FINANCIAL RESOURCES, SOCIAL WORK, LABOR FORCE, EMISSIONS, POLITICAL ECONOMY, HEALTH CARE, REVENUES, ENVIRONMENTAL ISSUES, SEXUALLY TRANSMITTED INFECTIONS, HUMAN RESOURCE MANAGEMENT, INCENTIVES, HEALTH, MODELS, AGRICULTURAL OUTPUT, LIFE EXPECTANCY, BIOLOGICAL DIVERSITY, RESOURCE USE, KNOWLEDGE, ECONOMIC ACTIVITY, PRESENT VALUE, COST EFFECTIVENESS, CLIMATIC CONDITIONS, EXPLOITATION, FEASIBILITY STUDIES, IRON, LABOR COSTS, CROWDING OUT, INFECTIOUS DISEASES, FOOD POLICY RESEARCH, PATIENTS, NATURAL CAPITAL, INTERVENTION, SECONDARY SCHOOLS, SAFETY MEASURES, CAPITAL FORMATION, FIXED COSTS, OPTIONS, LABOR PRODUCTIVITY, MIGRATION, STIS, LIVESTOCK PRODUCTS, HEALTH MANAGEMENT, VIOLENCE, MARKETING, DEBT, ANXIETY, ALTERNATIVE FUELS, ALLOCATIVE EFFICIENCY, LAND DEGRADATION, DISASTERS, FORESTRY, BENEFIT ANALYSIS, SEXUAL INTERCOURSE, NATURAL RESOURCES, MIGRANTS, MORTALITY, SUBSIDIES, SEXUAL PRACTICES, EFFICIENCY, FISHING, FOOD PRODUCTION, RANGELANDS, AFTERCARE, TAXES, LAND USE, NUTRITIONAL STATUS, EFFECTIVE USE, PRIMARY SCHOOLS, GOVERNMENT SECURITIES, RESOURCES, UNEMPLOYMENT, EQUITY, ALTERNATIVE POLICIES, PRODUCTIVITY GROWTH, CONSUMPTION, TECHNOLOGICAL CHANGE, ECONOMIC IMPACT, RURAL COMMUNITIES, YOUNG ADULTS, WORKERS, WAGES, CLIMATE CHANGE, AGED, INDUSTRIAL SITES, POSTNATAL CARE, IMMUNODEFICIENCY, CREDIT, ELASTICITIES, PURCHASING POWER, DEMAND, CPI, HEALTH OUTCOMES, NATIONAL INCOME, MINES, SUSTAINABLE GROWTH, AGGREGATE DEMAND, PUBLIC EXPENDITURES, FAMILY PLANNING, ENVIRONMENTS, EXPENDITURES, PROPERTY, TAX RATES, MEASUREMENT, OPPORTUNITY COSTS, NUTRITION, ENVIRONMENT, WORKSHOPS, SICK LEAVE, ECONOMIC SITUATION, ADOLESCENTS, ECONOMICS, SECURITIES, TAX REVENUE, INTERNET, ECONOMIC FACTORS, ECONOMIC DEVELOPMENT, PREGNANT WOMEN, TRADE, LAND, CHILDREN, RETAINED EARNINGS, COMPARATIVE ANALYSIS, DRINKING WATER, CLINICS, CONSUMPTION PATTERNS, HEALTH PROBLEMS, COMPARATIVE ADVANTAGE, COAL, FARMS, REVENUE, PRIVATE CONSUMPTION, HIGH UNEMPLOYMENT, LIVING CONDITIONS, TAX REFORM, STRATEGY, REGISTRATION, FAMILIES, MEDICINES, SEXUAL VIOLENCE, ENVIRONMENTAL, HOSPITALS, CIRCUMCISION, LABOR MARKETS, HEALTH SERVICES, IMPLEMENTATION, PREGNANCY, CONDOMS, PRICES, DEMOGRAPHICS, CONSUMER PROTECTION, ECONOMIES, BREASTFEEDING, PUBLIC GOODS, COMPETITION,
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24756158/lesotho-systematic-country-diagnostic https://hdl.handle.net/10986/23109
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