{"id":13191,"date":"2022-04-19T10:32:21","date_gmt":"2022-04-19T10:32:21","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-pleads-for-closer-afdb-support-2"},"modified":"2022-04-19T11:08:16","modified_gmt":"2022-04-19T11:08:16","slug":"lesotho-pleads-for-closer-afdb-support-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-pleads-for-closer-afdb-support-2","title":{"rendered":"Lesotho pleads for closer AFDB support"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>THE Principal Secretary in the Ministry of Finance, Nthoateng Lebona, this week pleaded for closer support from the African Development Bank (AFDB) to build a resilient economy.<\/p>\n

Lebona told a team of AFDB senior advisers that Lesotho had experienced significant negative shocks as a result of a decline in Southern African Customs Union (SACU) revenues, natural disasters and the Covid-19 pandemic.<\/p>\n

\u201cThe question then becomes how do we survive after this? How do we stimulate the economy and build resilience,\u201d Lebona said. Lebona said they were looking at how best the AFDB could advise them in order to emerge stronger from these challenges.<\/p>\n

Lesotho, Lebona said, is already battling with high unemployment and poverty rates and need new techniques to stimulate the economy to create jobs. \u201cWe need to take a new policy direction that will help us to respond better to disasters,\u201d he said.<\/p>\n

\u201cWe need to increase allocations and get access to other funds that will assist with setting up various infrastructure to pave way for a private sector led economy.<\/p>\n

\u201d Denis Dubuisson, the AFDB Mission leader, said the visit was supposed to have taken place in 2020 but was postponed due to the Covid-pandemic. The AFDB, he said, every year visits a total of eight countries to better understand their challenges and find out how best the bank can assist.<\/p>\n

\u201cEngaging closely with those fully involved in the projects funded by AFDB provides a clear picture in terms of policy direction and strategies needed to be taken to solve certain challenges,\u201d Dubuisson said.<\/p>\n

The mission also wanted to hear if Lesotho is still satisfied with not having a physical representation of the bank in the country and having to depend on the presence they have in Pretoria.<\/p>\n

Lebona mentioned that the country has applied for presence in the country as they believe that with closer presence will translate into frequent dialogue and advice in real time.<\/p>\n

The mission will also have dialogue with the private sector to better understand the challenges they face and how the bank\u2019s programmes can benefit them.<\/p>\n

The AFDB supports a number of activities in the country including the Economic Diversification Support Project, the Lesotho Tax Modernisation Project and the Lowlands Rural Water Supply and Sanitation project.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. THE Principal Secretary in the Ministry of Finance, Nthoateng Lebona, this week pleaded for closer support from the African Development Bank (AFDB) to build a resilient economy. Lebona told a team of AFDB senior advisers that Lesotho had experienced significant negative shocks as a result of a decline in Southern African Customs […]<\/p>\n","protected":false},"author":84,"featured_media":13190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,246,686,245],"class_list":["post-13191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-economy","tag-lesotho"],"yoast_head":"\nLesotho pleads for closer AFDB support - Lesotho<\/title>\n<meta name=\"description\" content=\"THE Principal Secretary in the Ministry of Finance, Nthoateng Lebona, this week pleaded for closer support from the Afri ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-pleads-for-closer-afdb-support-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lesotho pleads for closer AFDB support\" \/>\n<meta property=\"og:description\" content=\"THE Principal Secretary in the Ministry of Finance, Nthoateng Lebona, this week pleaded for closer support from the Afri ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-pleads-for-closer-afdb-support-2\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-19T10:32:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-19T11:08:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625e97fa81a78.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-pleads-for-closer-afdb-support-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-pleads-for-closer-afdb-support-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Lesotho pleads for closer AFDB support\",\"datePublished\":\"2022-04-19T10:32:21+00:00\",\"dateModified\":\"2022-04-19T11:08:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-pleads-for-closer-afdb-support-2\"},\"wordCount\":392,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-pleads-for-closer-afdb-support-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625e97fa81a78.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"economy\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-pleads-for-closer-afdb-support-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-pleads-for-closer-afdb-support-2\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/lesotho-pleads-for-closer-afdb-support-2\",\"name\":\"Lesotho pleads for closer AFDB support - 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