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Second Private Sector Competitiveness and Economic Diversification (Cr. 53090-LS) - P144933
Details
Project End Date:2022-06-30
Location:Lesotho
Category:Goods, Works, Consulting services, Non-consulting services
Status:Completion and evaluation
Sectors:Private Sector & Trade, Financial Services & Audit
Languages:English
Contracting authority: Ministry of Development Planning (Lesotho)
Associated tenders • 1
Description
The objectives are to support business environment reforms, improve access to finance for SMEs and increase private investment in targeted sectors. Negotiations completed on 17 September 2013. Bank Approval scheduled for 31 October 2013. Environmental Assessment Category B. Project: P144933. US$ 13.1 (IDA Credit). Consultants will be required. Ministry of Finance and Development Planning, PO Box 19466, Lesotho, Tel: (266) 2231-0826, Fax: (266) 2231-1041, E-mail: thahanet@finance.gov.ls
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tender Background
About the Funding Agency
The World Bank (USA) is part of an international financial agency that makes loans and grants to governments in low- and middle-income countries to fund capital projects. The United States was a driving force behind the founding of the World Bank in 1944 and it is still the World Bank's largest shareholder today.
The United States contributes to tackling critical international development concerns through the World Bank Group and has a long history of generously supporting the objectives of the World Bank Group and has been a champion of the International Development Association (IDA) which provides low-interest loans and grants to the world's poorest countries. The key U.S. priorities at the World Bank include a multilateral health and economic response to COVID-19, debt sustainability and transparency, promoting governance and fighting corruption, ending energy poverty and supporting a strong emphasis on accountability, transparency and development impact.
About the Sectors
Private Sector & Trade
Entails initiatives that promote entrepreneurship, strengthen competitive markets, and expand domestic and international trade opportunities.
Key areas:
- Private sector development and SME/MSME support
- Entrepreneurship, start-ups, and business growth initiatives
- Trade facilitation, import/export, and market access
- Commerce, retail/wholesale, and free trade mechanisms
Financial Services & Audit
Covers financial, banking, insurance, investment, and audit services related to the management, transfer, and oversight of financial resources.
Key areas:
- Financial services, banking, and insurance
- Accounting, auditing, and financial reporting
- Investment, capital markets, and financial inclusion