Human Dynamics along with its consortium partners provided specialist technical advice through a 60 month project to design a model of macroeconomic model so that the government of Lesotho could apply its resources in a manner to achieve a level of economic growth sufficient for job creation, social development and alleviation of poverty. Through supporting the capacity of Lesotho’s economic management, and particularly the Bureau of Statistics, Human Dynamics worked to reduce poverty and enhance the country’s economic growth.
This macroeconomic forecasting model supplied the backbone to the Government’s planning and budgetary process with the output of the modelling framework (i.e. the scenarios and projections produced) to supply data for the preparation of the annual Fiscal Strategy, the Poverty Reduction Strategy and the Development Plan. Human Dynamics worked with the Bureau of Statistics to improve the delivery of the National Accounts, Fiscal Statistics and Balance of Payments.
Capacity building activities were supported by direct technical assistance to ensure the two separate models developed, a Social Accounting Matrix (SAM) and Computable General Equilibrium Model (CGE), were econometrically robust.