Lesotho : Lesotho—Staff Report for the 2000 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

Author/Editor:

International Monetary Fund

Publication Date:

June 12, 2001

Electronic Access:

Free Full text (PDF file size is 2483 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Lesotho economy is experiencing a downturn of economic growth, high unemployment and poverty, and fiscal and balance-of-payments pressures. The size of the proposed fiscal adjustment is adequate because it focuses on improvement in the external current account balance and the maintenance of gross international reserves. The current monetary arrangement with South Africa has served Lesotho well. The efforts of the central bank to reduce the wide interest rate spreads, encourage financial intermediation, mobilize domestic savings, and reduce capital flight have been commended.

Series:

Country Report No. 01/79

Subject(s):

English

Publication Date:

June 12, 2001

ISBN/ISSN:

9781451823677/1934-7685

Stock No:

1LSOEA0012001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

75

Please address any questions about this title to publications@imf.org