The World Bank is set to launch its inaugural Lesotho Economic Update, aptly titled “Transforming Fiscal Policy into an Engine of Inclusive Growth.” This publication aims to spark a vigorous policy dialogue regarding the hurdles and prospects surrounding growth and poverty alleviation in Lesotho. It features a particular emphasis on fiscal policy’s role in stabilising the business cycle and advocates for policy improvements to enhance public service efficiency. By fortifying macroeconomic management and guaranteeing greater value for public spending, fiscal policy aims to establish strong foundations for sustainable and inclusive long-term growth.
The event will highlight speeches from Satu Kahkonen, the World Bank’s Division Director for Lesotho, and the Honourable Retselisitsoe Matlanyane, Minister of Finance and Development Planning. Following their addresses, the World Bank team will present key findings and suggest relevant policy options. The gathering will attract policymakers, industry experts, private sector representatives, civil society members, academics, and journalists, providing attendees with a platform for questions and engagement with the panel.
World Bank Economic Updates cater to a broad spectrum of readers, offering an overview of recent economic trends, an evaluation of the country’s medium-term outlook, and an in-depth analysis of critical issues, trends, or policy areas crucial to Lesotho’s economic health.
The World Bank will launch its first Lesotho Economic Update, focusing on fiscal policy’s role in enhancing growth and public service delivery. The event will feature top officials including Satu Kahkonen and Honourable Retselisitsoe Matlanyane. Stakeholders will engage in discussions regarding economic strategies and challenges, aiming for improved growth and poverty reduction in Lesotho.
The launch of the Lesotho Economic Update stands as a pivotal moment for stimulating discussion around vital economic policies. With a focus on fiscal policy as a tool for fostering growth and improving public service delivery, this report is poised to make significant contributions to ongoing efforts aimed at poverty reduction and sustainable economic development in Lesotho. The involvement of various stakeholders and experts underscores the importance of a collaborative approach to navigate these challenges and seize opportunities for growth.
Original Source: www.worldbank.org
