Kingdom of Lesotho : Staff Report for the 2014 Article IV Consultation

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

July 11, 2014

Electronic Access:

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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:

English

Publication Date:

July 11, 2014

ISBN/ISSN:

9781498300438/1934-7685

Stock No:

1LSOEA2014001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

69

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