CHAPTER FOUR .................................................................................................................................. 94 4. ECONOMIC GOVERNANCE AND MANAGEMENT .................................................................... 94 4.1 Overview: from adjustment to growth and development ......................................................... 94 4.2 Standards and codes ................................................................................................................. 104 4.3 Assessment of performance on African Peer Review Mechanism objectives ......................... 106 CHAPTER FIVE .................................................................................................................................... 134 5. CORPORATE GOVERNANCE ...................................................................................................... 134 5.1 Overview .................................................................................................................................... 134 5.2 Standards and codes ................................................................................................................. 139 5.3 Assessment of performance on African Peer Review Mechanism objectives ......................... 144 CHAPTER SIX ...................................................................................................................................... 172 6. SOCIOECONOMIC DEVELOPMENT ........................................................................................... 172 6.1 Overview .................................................................................................................................... 172 6.2 Standards and codes ................................................................................................................. 176 6.3 Assessment of performance on African Peer Review Mechanism objectives ......................... 179 CHAPTER SEVEN ................................................................................................................................ 220 7. CROSSCUTTING ISSUES AND CONCLUSION ........................................................................... 220 7.1 Introduction ................................................................................................................................ 220 7.2 Crosscutting issues .................................................................................................................... 220 7.3 The National Programme of Action ........................................................................................... 240 ANNEXURE I: LESOTHO AFRICAN PEER REVIEW MECHANISM NATIONAL PROGRAMME OF ACTION ......................................................................................................................................... 242 ANNEXURE II: RESPONSE OF THE GOVERNMENT OF THE KINGDOM OF LESOTHO TO THE COUNTRY REVIEW MISSION REPORT .............................................................................................. 338 ANNEXURE III: PROCEEDINGS OF THE PEER REVIEW OF LESOTHO AT THE ELEVENTH SUMMIT OF THE COMMITTEE OF PARTICIPATING HEADS OF STATE AND GOVERNMENT (AFRICAN PEER REVIEW FORUM) HELD ON 30 JUNE 2009 IN SIRTE, LIBYA ............................................................. 363 v

Select target paragraph3