By, May 22 -- Thandiwe Kubere
The Central Bank of Lesotho (CBL), in a landmark collaboration with the Ministry of Finance and Development Planning, the European Union (EU), and the World Bank, launches a comprehensive financial sector technical assistance program.
A representative of the World Bank Ajai Nair, elaborates on the three key activities supported by the partnership. "Firstly, we're assisting the CBL and the Ministry in crafting Lesotho's second FSDS-a strategic roadmap akin to a travel guide, offering direction while acknowledging potential unforeseen challenges," he explains. The strategy aims to expand financial service access while managing systemic risks prudently.
"Secondly, the World Bank will conduct an electronic payme...