Kingdom of Lesotho: 2008 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
Electronic Access:
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Summary:
This 2008 Article IV Consultation discusses that Lesotho has made significant progress in macroeconomic performance, but the pace of implementation of key structural reforms has been slow. After a decade of low growth, economic activity surged above historic trends, averaging 6.6 percent during 2006–07, driven by the mining, textile, and construction sectors. However, poverty has seen only a modest decline. Executive Directors have commended the authorities for their prudent macroeconomic management, which has contributed to the recent strong economic performance and a continued build-up of international reserves.
Series:
Country Report No. 2010/005
Subject:
Domestic debt Economic and financial statistics Exports External debt Government finance statistics International trade Public debt
English
Publication Date:
January 7, 2010
ISBN/ISSN:
9781451823899/1934-7685
Stock No:
1LSOEA2010001
Pages:
61
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