Lesotho’s economic policy focuses on private-sector-led growth, with the government aiming to create an enabling environment for both domestic and foreign investment. This commitment is articulated through the extended National Strategic Development Plan II (NSDP II extended), which guides the nation’s development agenda.
The NSDP II (extended) serves as the overarching framework, outlining interventions and targets for sustainable economic growth and poverty reduction. It provides a clear roadmap for investors, highlighting sectors and projects aligned with national objectives and emphasizing public-private partnerships to de-risk investments.
Government’s core priorities:
- Diversifying the economy to reduce reliance on traditional sectors by fostering growth in tourism, agriculture, and technology.
- Improving the ease of doing business by streamlining regulations and enhancing transparency.
- Investing in critical infrastructure such as energy, water, and transport.
- Prioritizing human capital development through education and skills training.
- Maintaining fiscal prudence and stability for a stable macroeconomic environment.