Lesotho Central Bank: 2.1% growth expected in 2025
CNBC Africa is joined by Matsela Matsela, Head of Global Markets at Standard Lesotho Bank for more.
Thu, 30 Jan 2025 15:49:29 GMT
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AI Generated Summary
- The Central Bank of Lesotho faces the challenge of maintaining economic stability amidst uncertainties in global monetary policy and external risks.
- Key projects like the Millennium Challenge Account Compact 2 and the Lesotho Highlands Water Project are expected to drive economic growth and sustainability.
- Positive developments in the Lesotho Highlands Water Project and the agricultural sector offer hope for achieving the projected 2.1% growth in 2025.
Lesotho, a small landlocked country surrounded by South Africa, is gearing up for a challenging yet potentially prosperous year ahead. In a recent interview with Matsela Matsela, Head of Global Markets at Standard Bank in Lesotho, key insights were shared regarding the economic landscape and the expectations for the Central Bank in 2025. As the global economy faces uncertainties, particularly around monetary policy and external risks, Lesotho is carefully navigating through the turbulent waters to maintain economic stability. With a focus on maintaining the one-to-one pact with South Africa and monitoring key indicators such as inflation, the Central Bank of Lesotho is poised to make crucial decisions in the coming months. Matsela highlighted the importance of key projects like the Millennium Challenge Account Compact 2 and the Lesotho Highlands Water Project, which are expected to play pivotal roles in driving economic growth and sustainability. Additionally, concerns around factors like AGOA and the impact of executive orders on trade agreements are also on the radar, signaling a need for proactive policy responses. Despite the challenges, there are positive developments on the horizon, such as the expansion of the Lesotho Highlands Water Project and the potential growth in the agricultural sector. These factors, along with the Central Bank's strategic decisions, may pave the way for Lesotho to achieve the projected 2.1% growth in 2025. As the nation braces for what lies ahead, stakeholders are closely monitoring developments and preparing for a year of both challenges and opportunities.