Lesotho has been facing a challenge in achieving its growth target of 5% annually, as outlined in the National Strategic Development Plan (NSDP). To address this, the Lesotho UN country team established the Joint UN Programme on Economic and Financial Management Integration for Sustainable Development (JP-EFMIS), financed under the Joint SDG Fund to develop a conducive Public Financial Management ecosystem and private sector-led economic growth.
The private sector has a critical role to play in the achievement of National Strategic objectives and mobilising development financing. The JP-EFMIS recognises this and is exploring opportunities for mobilising private sector investments for development. The IOM and UNDP are identifying investment opportunities to accelerate the achievement of SDG targets and advocating for the formalisation and ease of access to remittance transmission channels to catalyse investments in community development. At the same time, UNICEF is working to ensure strong PFM systems that safeguard the efficient utilisation of the resources.
The Lesotho UN country team's efforts through the JP-EFMIS are aimed at promoting sustainable development by addressing the financing challenges facing Lesotho and leveraging different funding sources to achieve the SDGs.
This activity contributed to the implementation of SDG 17: Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development.
Note:
The Joint SDG Fund's joint programmes are under the prestige leadership of the Resident Coordinator Office and implementing United Nations Agencies. With sincere appreciation for the contributions from the European Union and Governments of Denmark, Germany, Ireland, Italy, Luxembourg, Monaco, The Netherlands, Norway, Portugal, the Republic of Korea, Spain, Sweden, Switzerland and our private sector funding partners, for a transformative movement towards achieving the SDGs by 2030.
