Kingdom of Lesotho: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Kingdom of Lesotho

Publication Date: July 11, 2014
Electronic Access: Free Full text (PDF file size is 1,818KB).
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Summary: This 2014 Article IV Consultation highlights that since 2010, the Lesotho’s economy has performed well with the growth of real GDP averaging over 5 percent a year and inflation held to single-digit levels. International reserves have recovered to close to 5 months of import coverage after dipping to 3½ months of imports in 2012 in the wake of the balance of payments and fiscal crisis. The economic outlook for Lesotho is positive with strong economic growth and low inflation. Economic activity is expected to be supported by large public investment projects, including the second phase of Lesotho Highland Water Project.
Series: Country Report No. 14/201
Subject(s): Article IV consultation reports | Fiscal policy | Budgets | Financial management | Fiscal reforms | Currency pegs | Reserves adequacy | Bank supervision | Economic indicators | Millennium Development Goals | Debt sustainability analysis | Staff Reports | Press releases | Lesotho

Publication Date: July 11, 2014
ISBN/ISSN: 9781498300438/1934-7685 Format: Paper
Stock No: 1LSOEA2014001 Pages: 69
US$18.00 (Academic Rate:
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