Lesotho : Third Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waivers of Performance Criteria

Author/Editor:

International Monetary Fund

Publication Date:

October 4, 2002

Electronic Access:

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Summary:

This paper assesses Lesotho’s Third Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement and Request for Waivers of Performance Criteria. The government has declared a state of famine that is affecting an estimated 900,000 people. One quantitative performance criterion for end-March 2002—the ceiling on the government’s domestic financing requirement—was not observed, almost entirely because of delays in external payments. The authorities have requested, and IMF staff supports, a waiver on this performance criterion.

Series:

Country Report No. 02/218

Subject:

English

Publication Date:

October 4, 2002

ISBN/ISSN:

9781451823769/1934-7685

Stock No:

1LSOEA0032002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

60

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