Lesotho : An Assessment of the Investment Climate

The objective of the Lesotho Investment Climate Assessment (ICA) is to evaluate the investment climate in Lesotho in all its operational dimensions and promote policies to strengthen the private sector. By comparing the investment climate in Lesotho to investment climates in other countries, it is possible to observe areas were Lesotho performs relatively well and others were improvements is necessary if Lesotho is to continue to grow. The primary source for the assessment is a firm level survey (investment climate survey or ICS) which was completed towards the end of 2004. About 110 firms in three sectors of the economy (manufacturing, construction and tourism) were interviewed. The information collected during the survey is supplemented with results from other studies conducted by the Bank and other donor agencies and the Government of Lesotho. In this study, the investment climate in Lesotho is compared other countries, particularly attention is given to China and India because they are important competitors in Lesotho's main export market, the garment sector. Chapter 5, attempts to provide key recommendations to assist the Government in addressing current weakness and improving environment for a faster and more diversified economic growth.

Bibliographic Details

Main Author:	World Bank
Format:	PSD, Privatization and Industrial Policy biblioteca
Language:	English en_US
Published:	Washington, DC 2005-01
Subjects:	ACCOUNTING, AGRICULTURE, BUSINESS DEVELOPMENT, BUSINESS ENVIRONMENT, CAPACITY BUILDING, COMPANY, COMPETITIVENESS, COMPETITORS, COTTAGE INDUSTRIES, CUSTOMS, CUSTOMS CLEARANCE, DEVELOPMENT AGENCY, DEVELOPMENT STRATEGY, DISPUTE RESOLUTION, DIVERSIFICATION, DOMESTIC MARKET, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, ECONOMIC SECTOR WORK, ELECTRICITY, EMPLOYABLE SKILLS, EMPLOYMENT, ENTREPRENEURS, EXPANSION, EXPORT PERFORMANCE, EXPORTS, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL SUPPORT, FIRM LEVEL, FOREIGN INVESTORS, GDP, GLOBAL ECONOMY, GNP, HUMAN CAPITAL, INVESTMENT CLIMATE, JOBS, LABOR FORCE, LABOR PRODUCTIVITY, LDCS, LEGAL FRAMEWORK, LICENSING, MANUFACTURERS, MARKET OPENING, NATURAL RESOURCES, PER CAPITA INCOME, PREFERENTIAL BASIS, PRIVATE CONTRACTOR, PRIVATE FIRMS, PRIVATE INFRASTRUCTURE, PRIVATE INVESTMENT, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PRIVATE SECTOR ORGANIZATIONS, PRIVATE SECTOR PARTICIPATION, PRIVATE SECTORS, PROVISION OF INFRASTRUCTURE, PROVISIONS, PUBLIC, PUBLIC SECTOR, PUBLIC SECTOR INSTITUTIONS, REGIONAL ECONOMY, REGIONAL MARKETS, REGULATORY FRAMEWORK, SCALE ENTERPRISES, SERVICE PROVIDERS, SKILLS DEVELOPMENT, SMALL FIRMS, SME, SME FINANCE, SOCIAL TENSIONS, SUB-SAHARAN AFRICA, SUPPLIERS, TAX, TAX INCENTIVES, TAX RECEIPTS, TRADABLE GOODS, TRAINING COURSES, TRAINING PROGRAMS, UNEMPLOYMENT, VOCATIONAL TRAINING, WORKER, WORKERS,
Online Access:	http://documents.worldbank.org/curated/en/2005/01/7355619/lesotho-assessment-investment-climate http://hdl.handle.net/10986/8717
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