Lesotho: IMF Calls for Economic Reform

Lesotho: IMF Calls for Economic Reform

...urges shift from public sector dependency to private sector-led growth

IMF calls for economic reform

…urges shift from public sector dependency to private sector–led growth Moroke Sekoboto THE government must urgently overhaul Lesotho’s economic model to unlock private sector–led job creation to end chronic unemployment and poverty, the International Monetary Fund (IMF) has said. According to the IMF’s Selected Issues Paper No. 2025/141 released this week, Lesotho’s long-standing reliance on public spending to drive growth has failed to deliver…