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.

Author/Editor:

International Monetary Fund

Publication Date:

May 11, 2012

Electronic Access:

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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:

English

Publication Date:

May 11, 2012

ISBN/ISSN:

9781475503234/1934-7685

Stock No:

1LSOEA2012001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

82

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