World Bank Board approves private sector competitiveness and economic diversification project for Lesotho; Project will increase private sector participation in the economy through improving the business environment, strengthening firms' productivity and competitiveness.

0 Comments | M2 Presswire, March, 2007

M2 PRESSWIRE-22 March 2007-WORLD BANK: World Bank Board approves private sector competitiveness and economic diversification project for Lesotho; Project will increase private sector participation in the economy through improving the business environment, strengthening firms' productivity and competitiveness(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:21032007 WASHINGTON - The World Bank Board of Executive Directors today approved an International Development Association (IDA) credit* of US$8.1 million, of which US$4.2 is a grant, to support the Government of Lesotho's private sector competitiveness and economic diversification program.

The World Bank project will contribute to the Government's poverty reduction and economic growth strategy by helping to...