Lesotho Macroeconomic Management Project (LMMP)

Project Name:
Lesotho Macroeconomic Management Project (LMMP)
Institution :
Government of Lesotho

Core Competence:
Economic Policy Analysis and Management
Project Region :
Eastern & Southern Africa
Country :
Kingdom of Lesotho
Status :
Closed
Grant Number :
102

Grant Amount (USD):
1 200 000

Commitment Date:
2002

Closing Date:
2007

Introduction:
At its 27^th Regular Meeting, in May 2002, the Executive Board approved a grant of US$ 1.47 million to the Government of Lesotho for support to strengthen its institutional capacity for macroeconomic management.The focus of LMMP was human resource training and the establishment of systems for public expenditure management as well as socio-economic information management.

Project Description:
The goal of the project was to strengthen institutional capacity in the core public economic management sector through specialized skills-upgrading, training and systems development, with a view to enhancing the development process and increasing the poverty reducing impact of development programs.

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.

H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.

H.E. Erastus Mwencha, Chair, ACBF Executive Board

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.

Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.

Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.

Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana

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Lesotho Macroeconomic Management Project (LMMP)