Kingdom of Lesotho: Selected Issues and Statistical Appendix
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Summary:
The challenge of achieving broad-based growth in Lesotho is discussed. Economic growth is inconsistent. Lesotho is highly dependent on trade with South Africa. The sources of growth in Lesotho using a social accounting matrix model and a growth-accounting framework are outlined. The main constraints to growth and private investment and current policy initiative to promote broad-based growth and private investment are analyzed. The various methods employed suggest that there is neither external stability nor significant evidence of exchange rate misalignment.
Series:
Country Report No. 2008/135
Subject:
Exchange rates Foreign exchange Income National accounts Purchasing power parity Real effective exchange rates Real exchange rates
English
Publication Date:
April 21, 2008
ISBN/ISSN:
9781451823875/1934-7685
Stock No:
1LSOEA2008001
Pages:
68
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