Majoro calls for FDI
Nthatuoa Koeshe
LESOTHO desperately needs foreign direct investment (FDI) to stimulate its economy after the destructive effects of the Covid-19 pandemic, Prime Minister Moeketsi Majoro has said.
Dr Majoro said this in his virtual address at the special segment of the United Nations (UN’s) 2021 Forum on Financing for Development on Monday.
Dr Majoro said Lesotho, like most low-income countries (LICs) was in dire need for debt relief so that it can focus on reviving its economy which has been battered by the adverse effects of the Covid-19 pandemic.
He said “many of the heavily indebted poor countries (HIPCs) that received relief earlier have relapsed due to the unavoidable need to provide infrastructure amid lack of additional resources for that purpose”.
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