Executive Board
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February 9, 2009
November 14, 2007
October 6, 2006
September 19, 2005
September 10, 2004

Projected % Change
   2009  2010
Real GDP -1 3.1
Consumer Prices 7.7 6.5
Source: World Economic Outlook (October 2009)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Lesotho: Financial Position in the Fund

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Lesotho and the IMF
Updated April 25, 2009

The last Article IV Executive Board Consultation was on February 09, 2009. Listed below are items related to Lesotho, in reverse chronological order (you can also view items by category).

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April 25, 2009 -- IMFC Statement by H.E. Tito Mboweni, Governor, South African Reserve Bank, South Africa
On behalf of: Angola, Burundi, Botswana, The State of Eritrea, The Federal Democratic Republic of Ethiopia, The Gambia, Kenya, Liberia, Lesotho, Republic of Mozambique, Malawi, Namibia, Nigeria, Sudan, Sierra Leone, Kingdom of Swaziland, Tanzania, Uganda, South Africa, Zambia. PDF File Size: 337Kb
February 12, 2009 -- IMF Survey: IMF Advice Helps Fight Financial Fraud as Schemes Multiply
Better communications, more financial complexity, and multinational business operations have made it a lot easier to commit financial fraud, and the IMF is advising a growing number of member governments on ways to thwart fraudulent financial schemes.
October 11, 2008 -- IMFC Statement by the Honorable Tito Mboweni, Governor, South African Reserve Bank
On behalf of: Angola, Burundi, Botswana, The State of Eritrea, The Federal Democratic Republic of Ethiopia, The Gambia, Kenya, Liberia, Lesotho, Republic of Mozambique, Malawi, Namibia, Nigeria, Sudan, Sierra Leone, Kingdom of Swaziland, Tanzania, Uganda, South Africa, Zambia. PDF File Size: 278Kb
April 21, 2008 -- Kingdom of Lesotho: Selected Issues and Statistical Appendix
Series: Country Report No. 08/135
April 21, 2008 -- Kingdom of Lesotho: 2007 Article IV Consultation - Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of Lesotho
Series: Country Report No. 08/136
April 12, 2008 -- IMFC Statement by the Honourable Tito Mboweni, Governor, South African Reserve Bank
On behalf of: Burundi, Botswana, The State of Eritrea, The Federal Democratic Republic of Ethiopia, The Gambia, Kenya, Liberia, Lesotho, Republic of Mozambique, Malawi, Namibia, Nigeria, Sudan, Sierra Leone, Kingdom of Swaziland, Tanzania, Uganda, South Africa, Zambia. PDF File Size: 188Kb
March 21, 2008 -- Evaluation of the U.K. DFID-Financed Technical Assistance GDDS Project for Selected Anglophone African Countries (2001-06)
Subject: Andorra | Botswana | Eritrea | Ethiopia | Ghana | Kenya | Lesotho | Liberia | Malawi | Namibia | Nigeria | Sierra Leone | Sudan | Swaziland | Zambia | Zimbabwe | Technical assistance programs | General Data Dissemination System
March 20, 2008 -- Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with the Kingdom of Lesotho
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
February 20, 2008 -- Press Release: Statement by IMF Executive Directors at the Conclusion of their Visit to the Kingdom of Lesotho
October 20, 2007 -- IMFC Statement by Shamsuddeen Usman, Minister of Finance, Nigeria
On behalf of: Angola, Burundi, Botswana, The State of Eritrea, The Federal Democratic Republic of Ethiopia, The Gambia, Kenya, Lesotho, Republic of Mozambique, Malawi, Namibia, Nigeria, Sudan, Sierra Leone, Kingdom of Swaziland, Tanzania, Uganda, South Africa, Zambia. PDF File Size: 186Kb
November 14, 2006 -- Kingdom of Lesotho: 2006 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of Lesotho
Series: Country Report No. 06/404
November 14, 2006 -- Kingdom of Lesotho: Statistical Appendix
Series: Country Report No. 06/405
October 12, 2006 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with the Kingdom of Lesotho
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
September 17, 2006 -- IMFC Statement by Hon. Nenadi E. Usman, Minister of Finance of Nigeria
On behalf of: Angola, Burundi, Botswana, The State of Eritrea, The Federal Democratic Republic of Ethiopia, The Gambia, Kenya, Liberia, Lesotho, Republic of Mozambique, Malawi, Namibia, Nigeria, Sudan, Sierra Leone, Kingdom of Swaziland, Tanzania, Uganda, South Africa, Zambia, Zimbabwe. PDF File Size: 271Kb
April 27, 2006 -- Kingdom of Lesotho: Poverty Reduction Strategy Paper, Prioritization, and Cost Matrix
Series: Country Report No. 06/143
April 27, 2006 -- Kingdom of Lesotho: Poverty Reduction Strategy Paper - Joint Staff Advisory Note
Series: Country Report No. 06/149
December 28, 2005 -- Kingdom of Lesotho: 2005 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lesotho
Series: Country Report No. 05/437
December 28, 2005 -- Kingdom of Lesotho: Selected Issues and Statistical Appendix
Series: Country Report No. 05/438
September 29, 2005 -- Corrected -- Public Information Notice: IMF Executive Board Concludes 2005 Article IV Consultation with Lesotho
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
April 17, 2005 -- Transcript of African Finance Ministers Press Briefing
December 06, 2004 -- Lesotho: Poverty Reduction Strategy Paper Status Report
Series: Country Report No. 04/385
December 06, 2004 -- Lesotho: Joint Staff Assessment of the Poverty Reduction Strategy Paper Status Report
Series: Country Report No. 04/386
December 03, 2004 -- Lesotho: Ex Post Assessment of Longer-Term Program Engagement
Series: Country Report No. 04/384
December 03, 2004 -- Lesotho: Sixth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criteria--Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Lesotho
Series: Country Report No. 04/387
September 10, 2004 -- Press Release: IMF Completes Sixth and Final Review Under Lesotho's PRGF Arrangement and Approves US$5 Million Disbursement
April 24, 2004 -- IMFC Statement by Mr. Tito Mboweni, Governor of the South African Reserve Bank
On behalf of: Angola, Burundi, Botswana, The State of Eritrea, The Federal Democratic Republic of Ethiopia, The Gambia, Kenya, Liberia, Lesotho, Republic of Mozambique, Malawi, Namibia, Nigeria, Sudan, Sierra Leone, Kingdom of Swaziland, Tanzania, Uganda, South Africa, Zambia, Zimbabwe. PDF File Size: 606Kb
February 05, 2004 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with Lesotho
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
February 05, 2004 -- Lesotho: 2003 Article IV Consultation, Fifth Review Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria and Extension of Arrangement--Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Lesotho.
Series: Country Report No. 04/21
February 05, 2004 -- Lesotho: Selected Issues And Statistical Appendix
Series: Country Report No. 04/23
January 21, 2004 -- Press Release: IMF Completes Fifth Review Under Lesotho's PRGF Arrangement and Approves US$5.2 Million Disbursement
September 21, 2003 -- Statement by Mr. Jose Pedro de Morais Junior Minister of Finance of Angola, Given on the Occasion of the International Monetary and Financial Committee (IMFC) Meeting, September 21, 2003
Representing Africa Group I Constituency comprising the following countries: Angola, Botswana, Burundi, Ethiopia, Eritrea, The Gambia, Kenya, Lesotho, Malawi, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe
August 28, 2003 -- Press Release: Lesotho Formally Begins Participation in the IMF's General Data Dissemination System
June 19, 2003 -- Lesotho: Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria--Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Lesotho
Series: Country Report No. 03/169
June 19, 2003 -- Lesotho: Joint Staff Assessment of the Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 03/170
June 19, 2003 -- Lesotho: Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 03/171
June 17, 2003 -- Press Release: IMF Completes Review Under Lesotho's PRGF Arrangement and Approves US$4.98 Million Disbursement
May 15, 2003 -- Lesotho -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, May 15, 2003
This Letter of Intent of the government of Lesotho describes the policies that Lesotho intends to implement in the context of its request for financial support from the IMF.
April 11, 2003 -- Transcript of a Press Conference of African Finance Ministers and Governors of Central Banks
Mr. Charles Konan Banny, Governor of the Central Bank of West African States (BCEAO), Mr. Benjamin Radavidson, Minister of Finance and Budget of Madagascar, Mr. Timothy T. Thahane, Minister of Finance from Lesotho, Mr. Joseph B. Dauda, Minister of Finance of Sierra Leone, Gerald M. Ssendaula, Minister of Finance, Planning and Economic Development of Uganda
December 13, 2002 -- News Brief: IMF and World Bank Issue a Statement on the Food Situation in Southern and Eastern Africa
October 04, 2002 -- Lesotho: Third Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waivers of Performance Criteria--Staff Report and News Brief on the Executive Board Discussion
Series: Country Report No. 02/218
September 28, 2002 -- Statement by Mr. Julio Marcelino Bessa, Minister of Finance of Angola, Representing Africa Group I Constituency comprising the following countries: Angola, Botswana, Burundi, Ethiopia, Eritrea, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe, IMFC Meeting of the IMF Board of Governors, September 27, 2002
The International Monetary and Financial Committee statement on behalf of the following countries: Angola, Botswana, Burundi, Ethiopia, Eritrea, The Gambia, Kenya, Lesotho, Liberia, Malawi, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe
September 28, 2002 -- African Finance Ministers Press Briefing
This press conference is a unique opportunity for African Governors to express their views on issues of interest to them with regards to their relations with the IMF and the World Bank. This is also, indeed, an opportunity for the reporters to get first-hand information from some of the people who struggle on a daily basis with the debt burden, poverty and pandemics.
September 20, 2002 -- News Brief: IMF Completes Review Under Lesotho's PRGF Arrangement and Approves US$4.6 Million Disbursement
September 05, 2002 -- Lesotho Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, September 5, 2002
This Letter of Intent of the government of Lesotho describes the policies that Lesotho intends to implement in the context of its request for financial support from the IMF.
May 03, 2002 -- Lesotho: 2001 Article IV Consultation and the Second Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criterion--Staff Report; Public Information Notice and News Brief on the Executive Board Discussion; and Statement by the Executive Director for Lesotho
Series: Country Report No. 02/96
May 03, 2002 -- Lesotho: Statistical Annex
Series: Country Report No. 02/97
April 01, 2002 -- Foreign Direct Investment in Africa--Some Case Studies
Author/Editor: Basu, Anupam | Srinivasan, Krishna
Series: Working Paper No. 02/61
March 21, 2002 -- Public Information Notice: IMF Concludes 2001 Article IV Consultation with Lesotho
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
March 18, 2002 -- News Brief: IMF Completes Second Review Under Lesotho's PRGF Arrangement and Approves US$4 Million Disbursement
March 01, 2002 -- Joint Staff Assessment of the Poverty Reduction Strategy Paper Preparation Status Report
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 532Kb
March 01, 2002 -- Lesotho Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 1, 2002
This Letter of Intent of the government of Lesotho describes the policies that Lesotho intends to implement in the context of its request for financial support from the IMF.
February 01, 2002 -- The Economic Consequences of HIV/AIDS in Southern Africa
Author/Editor: Haacker, Markus
Series: Working Paper No. 02/38
January 31, 2002 -- Lesotho--Poverty Reduction Strategy Paper Preparation Status Report, January 31, 2002
Describes the country's macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing.
November 17, 2001 -- Statement by Ms. Linah K. Mohohlo, Governor of the Bank of Botswana, at the International Monetary and Financial Committee, Ottawa, November 17, 2001
The International Monetary and Financial Committee statement on behalf of Angola, Botswana, Burundi, The Gambia, Kenya, Ethiopia, Eritrea, Lesotho, Liberia, Malawi, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Uganda, Zambia, Zimbabwe
October 01, 2001 -- Providing Health Care to HIV Patients in Southern Africa
Author/Editor: Haacker, Markus
Series: Policy Discussion Paper No. 01/3
July 20, 2001 -- News Brief: IMF Completes Lesotho's Review Under PRGF and Approves US$4 Million Disbursement
July 10, 2001 -- Lesotho Letter of Intent, Memorandum of Economic and Financial Policies and Technical Memorandum of Understanding, July 10, 2001
This Letter of Intent of the government of Lesotho describes the policies that Lesotho intends to implement in the context of its request for financial support from the IMF.
June 12, 2001 -- Lesotho: 2000 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility--Staff Report; Staff Statement; Public Information Notice
Series: Country Report No. 01/79
June 12, 2001 -- Lesotho: Statistical Annex
Series: Country Report No. 01/80
May 21, 2001 -- Public Information Notice: IMF Concludes Article IV Consultation with Lesotho
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
March 09, 2001 -- Press Release: IMF Approves Three-Year, US$32 Million PRGF Loan for Lesotho
February 12, 2001 -- Lesotho Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, February 12, 2001
This Letter of Intent of the government of Lesotho describes the policies that Lesotho intends to implement in the context of its request for financial support from the IMF.
February 05, 2001 -- Joint Staff Assessment of the Interim Poverty Reduction Strategy Paper
Evaluates the strengths and weaknesses of a country's poverty reduction objectives and strategies, and in it the staffs of the IMF and World Bank make recommendations about whether the PRSP or IPRSP provides a sound basis for concessional assistance from the Bank and Fund, as well as for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Debt Initiative. PDF File Size: 96Kb
December 31, 2000 -- Lesotho -- Interim Poverty Reduction Strategy Paper
Summarizes the current knowledge and analysis of a country's poverty situation, describes the existing poverty reduction strategy, and lays out the process for producing a fully developed PRSP in a participatory fashion.
April 16, 2000 -- Statement by Mr. Trevor A. Manuel, Minister of South Africa, International Monetary and Financial Committee, April 16, 2000
The International Monetary and Financial Committee member for the constituency consisting of Angola, Botswana, Burundi, The Gambia, Kenya, Ethiopia, Eritrea, Lesotho, Liberia, Malawi, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Sudan, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe
February 03, 2000 -- Lesotho Letter of Intent, February 3, 2000
This Letter of Intent of the government of Lesotho describes the policies that Lesotho intends to implement in the context of its request for financial support from the IMF.
September 29, 1999 -- Statement by the Hon. Tantely Andrianarivo, Governor of the IMF for Madagascar, on behalf of the African Governors, at the Joint Annual Discussion
PDF File Size: 14Kb
April 15, 1998 -- Lesotho - Statistical Annex
Series: IMF Staff Country Report No. 98/29
March 11, 1998 -- Press Release: Lesotho Accepts Article VIII
November 20, 1996 -- Lesotho - Recent Economic Developments
Series: IMF Staff Country Report No. 96/119
September 24, 1996 -- Press Release: IMF Approves Stand-By Credit for Lesotho
September 14, 1995 -- Lesotho - Statistical Appendix
Series: IMF Staff Country Report No. 95/88
Notes: This statistical appendix on Lesotho was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
September 01, 1995 -- Press Release: IMF Approves Stand-by Credit for Lesotho
January 01, 1994 -- Lesotho - Recent Economic Developments
Series: IMF Staff Country Report No. 94/2
Notes: This report on recent economic developments in Lesotho was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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