Lesotho: Third Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waivers of Performance Criteria
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Summary:
This paper assesses Lesotho’s Third Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement and Request for Waivers of Performance Criteria. The government has declared a state of famine that is affecting an estimated 900,000 people. One quantitative performance criterion for end-March 2002—the ceiling on the government’s domestic financing requirement—was not observed, almost entirely because of delays in external payments. The authorities have requested, and IMF staff supports, a waiver on this performance criterion.
Series:
Country Report No. 2002/218
Subject:
Banking Central banks Commercial banks Expenditure Financial institutions International reserves Revenue administration Tax collection
English
Publication Date:
October 4, 2002
ISBN/ISSN:
9781451823769/1934-7685
Stock No:
1LSOEA0032002
Pages:
60
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