Kingdom of Lesotho : Staff Report for the 2012 Article IV Consultation and Second and Third Reviews Under the Three-Year Arrangement Under the Extended Credit Facility and a Request for Augmentation of Access: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of Lesotho.

Publication Date: May 11, 2012
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Summary: This staff report examines the Kingdom of Lesotho’s 2012 Article IV Consultation and second and third reviews under the three-year arrangement under the Extended Credit Facility. Real GDP growth for 2010/11 is estimated at 5¾ percent, and inflation rose gradually in 2011, driven by international commodity prices. Despite the sharp drop in Southern African Customs Union (SACU) revenues, fiscal performance in 2010/11 has been much better than programmed, reflecting higher domestic revenue collections and cuts in recurrent spending.
Series: Country Report No. 12/101
Subject(s): Article IV consultation reports | Bank supervision | Currency pegs | Economic indicators | Extended Credit Facility | Fiscal consolidation | Nonbank financial sector | Poverty reduction strategy | Staff Reports

Publication Date: May 11, 2012
ISBN/ISSN: 9781475503234/1934-7685 Format: Paper
Stock No: 1LSOEA2012001 Pages: 82
US$18.00 (Academic Rate:
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