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2006 - Lesotho - Country Portfolio Performance Review Report
This Country Portfolio Performance Review (CPPR) provides a detailed assessment of the performance of ongoing Bank Group-financed operations in Lesotho in terms of compliance with loan/grant conditions and reporting covenants, processing of procurement and disbursement matters and likelihood of projects to achieve their development objectives. On the basis of the findings, the report proposes an action plan for improving project performance. The report is based on information gathered during the CPPR mission that was undertaken between 4 and 9 December 2006. The last CPPR for Lesotho was done in 1995 and recommended the restructuring of the portfolio by way of cancellation of some loan balances due to poor implementation and utilisation of part of the loan savings to finance new and existing activities.