The Financial Sector Development Strategy Unit is charged with the responsibility of implementing the FSDS and liaising with relevant stakeholders to ensure successful achievement of objectives of the Strategy.
The functions of the Unit include the following:

  • To provide support to the Implementation Committee in the implementation of the FSDS;
  • To monitor progress in the implementation of FSDS projects by the implementing line Ministries and agencies;
  • To mobilise and coordinate donor funding for all financial related projects and ensure that all support is aligned with FSDS;
  • To report all progress to the Implementing Committee;
  • To take a lead role in preparing draft policies on cross-cutting issues such as pensions;
  • To coordinate the participation of multiple stakeholders in forums such as the steering group for legal reforms;
  • To assist with the establishment and management of stakeholders’ working groups to promote the exchange of information and, foster collective / common views and approaches to financial sector issues as well as facilitating the dialogue with development partners and catalyse their support;
  • To maintain a register of all FSDS projects, their implementation dates and implementing stakeholders;
  • To provide logistical support for the organisation of workshops and meetings, including development of materials and production of relevant reports;
  • To review all project proposals and terms of reference for consultants to ensure focus on policy actions and expected outcomes; and
  • To review all technical assistance deliverables to ensure quality.

 

a) Mandate
The Mandate of the Financial Stability Unit is to: safeguard the entire financial sector stability, inform policy makers and financial institution and the public about the possible risks to the financial system, provide recommendations on regulations and policies that would limit risks and resolve crisis situations in the financial system in an efficient and effective manner.

b) Objective
The objective of the Unit is to contribute to the stability of the financial system in Lesotho by strengthening the resilience of the financial system and mitigating the build-up of systemic risk, thereby ensuring a sustainable contribution of the financial sector to economic growth.
The functions of the Unit include the following:

  • To develop and implement macro-prudential policy;
  • To conduct macro-prudential surveillance;
  • To conduct research on pertinent and emerging financial stability issues;
  • To prepare financial stability reports;
  • To develop time series data for a set of macro-prudential indicators (MPIs);
  • To coordinate issues related to crisis management and resolution; and
  • To serve as a secretariat for Financial Stability Committee.

 

Financial Indicators

16 September 2019

Loti / US Dollar 14.6759
Loti / Euro 16.1809
Loti / Pound 18.2664
Loti / SDR 20.1525

 Monthly Inflation (%) 2018 to 2019

  Net International Reserves

RESEARCH & SUPERVISION DATA