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Lesotho: African Development Fund extends $4 25 million loan to modernize tax collection, boost revenue
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Gov t continues social protection policies
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Poor product development, lack of funding hinder tourism Majoro Poor product development, lack of funding hinder tourism Majoro
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Bereng Mpaki
POOR product development and inadequate financial investment are hampering the growth of Lesotho’s tourism sector, Prime Minister Moeketsi Majoro has said.
He said this while addressing a recent webinar on reviving Lesotho’s tourism and hospitality sector after the devastating effects of the Covid-19 pandemic. The webinar was organised by the government in partnership with the World Bank, the African Development Bank (AfDB) and the United Nations World Tourism Organisation (UNWTO).
The seminar deliberated on the challenges, opportunities and priority reforms needed to revive and revitalise Lesotho’s tourism and hospitality sector.
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IMF Mission Reaches Staff-Level Agreement with Democratic Republic of Congo on a Three-Year, US$1.5 Billion Financing Package
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.
The IMF team reached a staff-level agreement on a three-year program under the Extended Credit Facility (ECF) arrangement to help the country recover from the pandemic, preserve macroeconomic stability, and advance the reform momentum to raise and sustain inclusive growth.
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