International Trade in Lesotho

International Trade in Lesotho

The irregular growth rate of Lesotho is very much linked to the foreign environment, to climate conditions and to the strength or weakness of the Rand, the South African currency, which is pegged to the Loti, Lesotho's national currency. After slow economic growth rate of 0.9% in 2009, due... Read more

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Import and Export Services in Lesotho (4)

  • Heritage Destination Consulting Ltd

    Heritage Destination Consulting Ltd

    Tourism Consulting, Lesotho

    International Heritage Interpretation & Heritage Tourism Destination Consultants Heritage Destination Consulting...
  • CFP International

    CFP International

    Trade Finance, Lesotho

    We are CFP International. We provide unique trade finance services for import businesses around the world. We add value to our...

Business Tips About Lesotho (13)

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Overview About International Trade in Lesotho

Economic Overview

The irregular growth rate of Lesotho is very much linked to the foreign environment, to climate conditions and to the strength or weakness of the Rand, the South African currency, which is pegged to the Loti, Lesotho's national currency. After slow economic growth rate of 0.9% in 2009, due to the economic crisis, the GDP recovered an upward trend, reaching 5.6% in 2010 but should again slow down in 2011.

 

The country's economy strongly depends of the transfers of funds from the expatriates, the income produced by the SACU (Southern Africa Customs Union), the export of textiles and diamond extraction. The rest of the income comes from supplying water to South Africa thanks to the "Highland Water Project". The priority of the government is to limit the effect of the global crisis, which affects the textile and mining sectors as well as the income produced by the SACU. The country has asked the IMF for help and signed a three-year accord as part of the Extended Credit Facility program, emphasizing the management of debt nad spending and the acceleration of structural reforms. The country is counting on developmental aid in order to face the challenges created by the A...

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