Lesotho: Recent Economic Developments

November 20, 1996

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Lesotho: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed September 18, 2024

Summary

This paper reviews economic developments in Lesotho during 1992–95. GDP growth accelerated from 2.4 percent in 1992 to 13.6 percent in 1994 before slowing to 12.6 percent in 1995. The expansion has largely reflected investment associated with the Lesotho Highlands Water Project (LHWP) as well as manufacturing for export. The LHWP alone accounted for 22.8 percent of gross national product (GNP) in 1995/96. Non-LHWP investment increased from 9.9 percent of GNP in 1988/89 to an estimated 23.4 percent in 1995/96.

Subject: Banking, Economic sectors, Expenditure, Imports, International trade, Labor, Labor force, Privatization

Keywords: Africa, CR, Enterprise, Export partner, Government, Import development, Imports, ISCR, Labor force, Lesotho, Lesotho composition, Lesotho savings, Lesotho workers' remittance, Liquid asset ratio, Monetary management, Nonbank government borrowing, Pay, Prime lending rate, Privatization, Privatized company, Time deposit, Wage bill, Workers' remittance

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/119
Stock No:

1LSOEA0011996
ISBN:

9781451823646
ISSN:

1934-7685

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