With support from its Development Partners (The World Bank, The European Union, The African Development Bank), the Government of Lesotho (GoL) has been implementing Public Financial Management (PFM) reforms. In 2013, the GoL developed and launched a comprehensive five-year PFM Reform Strategic Action Plan (PFMRAP) covering the period from 2013 to 2018 to ensure a focused and properly guided reform process. This action plan is part of the Government’s strategic development initiatives enshrined in the National Strategic Development Plan (NSDP I) covering the period from 2012/13 to 2016/17 and the need for demonstrable macro-fiscal improvements.
This study is the third in a series of studies of PFM diagnostic tools undertaken by the PEFA Program. The primary aim of the study is to provide governments and their development partners with information to support the selection of an assessment tool – or a combination of tools – that fits with the needs in a particular country at a given time. It makes no specific recommendations as to such selection.