Abstract
The one important aspect of the development financing institution (DFI) to serve its development mandate lies inevitably in its institutional design. In Lesotho, the Lesotho National Development Corporation (LNDC) is marked as the DFI that is instituted to give developmental policy direction in the manufacturing sector. Although the LNDC, constitutionally, is mandated to develop the manufacturing sector, there’s a need for a private sector-led economy that is particularly driven by large-scale enterprises that also require a strenuous industrial update and adequate infrastructure. Despite the importance of private sector development, the LNDC mandate does not cover the financing of large-scale enterprises. This paper, therefore, examines the LNDC’s institutional design and its financial structure, which embodies various financial institutional arrangements to meet industrial upgrade. The conclusion lies in the question of whether the Basotho Enterprise Development Corporation (BEDCO) and LNDC should be merged or whether one should be dissolved, and its operations are assigned to the existing DFI.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
