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

October 4, 2002

Preview Citation

Format: Chicago

Lesotho: Third Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waivers of Performance Criteria, (USA: International Monetary Fund, 2002) accessed September 19, 2024

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.

Subject: Banking, Central banks, Commercial banks, Expenditure, Financial institutions, International reserves, Revenue administration, Tax collection

Keywords: Africa, Commercial banks, CR, Food relief plan, Government, Government balance sheet, International reserves, ISCR, Plan, PRGF arrangement, PRGF loan, Priority poverty program, Southern Africa, Tax collection

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/218
Stock No:

1LSOEA0032002
ISBN:

9781451823769
ISSN:

1934-7685

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