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Basotho Shepard overlooking Sani Pass, Drakensberg range, Lesotho. A major exporter of textiles to the US, sales of wool are a major source of income for Lesotho’s rural communities (Nicolas Marino/NA/Novarc/Corbis)
The fabled mountain Kingdom of Lesotho achieved strong growth in recent years, but the IMF’s latest economic review shows growth rates have dropped. In this podcast, IMF mission chief for Lesotho, David Dunn, says slower growth in neighboring South Africa has significantly reduced Lesotho’s government revenues.
David Dunn, IMF mission chief for Lesotho