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Mongolia gets IMF lifeline

Mongolian women archers
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A bit of economic news emerging out of Asia - Mongolia has received a $5.5bn (£4.2bn) aid package to stabilise its economy and push through much-needed reforms.

In return, Mongolia agreed to cut spending and raise taxes as well as build a stronger network for its financial services.

The resource-rich nation suffered a slowdown after commodity prices collapsed, and demand slowed. Mongolia accepted the aid package one month before people go to the polls for presidential elections.

Lesotho's 'pilot' fruit and flower farm
As part of a World Bank pilot programme, smallholders in Lesotho have been offered a stake in a commercial venture.