The World Bank is set to unveil the inaugural Lesotho Economic Update entitled “Transforming Fiscal Policy into an Engine of Inclusive Growth,” signalling a new step in encouraging meaningful discourse on development challenges and opportunities that can spur growth and alleviate poverty. This edition specifically delves into how fiscal policy can help stabilise the business cycle while suggesting actionable policies to enhance the efficiency of public service delivery.
By refining public spending and boosting macroeconomic management, effective fiscal policy aims to forge a solid foundation for sustainable and inclusive long-term growth in Lesotho. The launch will feature insights from Satu Kahkonen, the World Bank’s Division Director for Lesotho, alongside the Minister of Finance and Development Planning, Honorable Retselisitsoe Matlanyane, who will address the audience about the report’s implications.
Following the keynote speeches, a panel from the World Bank will share the core findings and proposed policy measures. This event will gather various stakeholders, including policymakers, experts, representatives from the private sector, civil society, academia, and the media, providing them the opportunity to engage directly with the discussions.
The World Bank is launching the first Lesotho Economic Update, focusing on transforming fiscal policy for inclusive growth. The report emphasises fiscal policy’s role in business cycle stability and efficient public service delivery. Key figures from the World Bank and the Minister of Finance will address attendees, including policymakers and experts, guiding discussions on growth opportunities through fiscal management.
The launch of the Lesotho Economic Update promises to catalyse vital discussions around fiscal policy’s role in economic stability and public service efficiency. With insights from prominent figures and a diverse audience, the insights shared are expected to illuminate pathways toward sustainable growth, aligning stakeholders on common goals for Lesotho’s future. This initiative underscores the critical intersection between informed policy dialogue and economic progress.
Original Source: www.worldbank.org
