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

Author/Editor:

International Monetary Fund

Publication Date:

January 7, 2010

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. 10/5

Subject:

English

Publication Date:

January 7, 2010

ISBN/ISSN:

9781451823899/1934-7685

Stock No:

1LSOEA2010001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

61

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