Kingdom of Lesotho Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waiver of Nonobservance of Performance Criterion, and Request for Modification of Performance Criteria

Lesotho’s economic growth has weakened compared with the earlier forecast, owing to adverse exogenous shocks. In 2011/12, despite weather-related shocks (floods), robust growth was maintained. To address these shocks, the authorities have sought external assistance. Lesotho continued to face the cha...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Lesotho, Kingdom of 
653 |a Fiscal stance 
653 |a Finance, Public 
653 |a Depository Institutions 
653 |a Revenue administration 
653 |a Foreign exchange reserves 
653 |a Banks 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Government debt management 
653 |a Debt Management 
653 |a Micro Finance Institutions 
653 |a Fiscal Policy 
653 |a Debts, Public 
653 |a Fiscal consolidation 
653 |a Debt 
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653 |a Fiscal policy 
653 |a Mortgages 
653 |a International economics 
653 |a National Government Expenditures and Related Policies: General 
653 |a Central banks 
653 |a Sovereign Debt 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a International reserves 
653 |a Banks and Banking 
653 |a Macroeconomics 
653 |a Public financial management (PFM) 
653 |a Banking 
653 |a Business and Financial 
653 |a Public Finance 
653 |a Monetary Policy 
653 |a Financial services law & regulation 
653 |a Revenue 
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520 |a Lesotho’s economic growth has weakened compared with the earlier forecast, owing to adverse exogenous shocks. In 2011/12, despite weather-related shocks (floods), robust growth was maintained. To address these shocks, the authorities have sought external assistance. Lesotho continued to face the challenges in rebuilding its international reserve cushion. The authorities continued commitment to implement reforms in improving the business climate to support private sector-led growth and economic diversification. The authorities have also requested a waiver for the missed cumulative quantitative performance