Capacity building – Government of Lesotho

The Kingdom of Lesotho, a country situated in Southern Africa, currently with a population of just over 2 million, has over the past years embarked upon a drive to improve transparency and accountability within the public service and ensure macroeconomic stability. This was undertaken through a Public Sector Modernization Programme targeting various Public Financial Management Reforms including the strengthening of the legal and regulatory framework, transparency of the budget process, strengthening of the internal audit, public procurement, cash management, financial reporting and external oversight functions respectively. Good governance and strong accountability are needed in the public sector to provide a conducive and stable environment for investments to enhance economic growth of the country. Risk management is an integral component of good governance framework that enables a proactive approach to addressing risks and allows for suitable accountability.