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To phase out Government subsidies and state control of commercial
enterprises.• To concentrate Government effort and spending on the creation of a suitable health, education, legal and security environment for optimal economic growth. • To introduce competitive pressure and fiscal discipline required for increased production, improved service levels and job creation. • To attract foreign capital and expertise. • To broaden direct public participation in the economy through the purchase of state-held companies and shares. • To provide adequate compensation and relevant retraining for retrenched workers. The programme is also being used to create an investor- friendly environment. With this in mind the Government is giving high priority to privatizing the telecommunications, water and electricity utilities as well the national development bank, Lesotho Bank.
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Designers