Region: Sub-Saharan Africa (SSA)
Country: Lesotho
Topic: Legal Framework
Keywords: Knowledge Lab ***, Legal Framework *, Legislation and Laws **, Lesotho
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Document Summary:
Part of a series of country reviews aimed at improving the environment for private sector involvement in infrastructure, the report describes the performance of key infrastructure sectors in Lesotho. It also assesses the policy, regulatory, and institutional environment for involving the private sector to assist both policymakers in reform and development strategies and potential private sector investors in assessing investment opportunities. Key setors include in the telecommunications, power, water, and transportation.
Document Details:
This report finds that private participation in infrastructure could offer Lesotho three key advantages: (1) augmenting budget resources in cases where the private sector undertakes to finance projects or services that would not otherwise be funded, (2) improving the quality and efficiency of service delivery, and (3) accelerating investments in infrastructure. By the same token, the report makes clear that PPI carries significant down-side risks that, despite the best of intentions, could lead to negative fiscal impacts, lower than expected service quality, disruptions to service, or more dire consequences. Accordingly, the need to establish PPI implementation and post-transaction oversight capacity is deemed to be of paramount importance if the GOL is to embrace an overall strategy for PPI.
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