Lesotho: Ex Post Assessment of Longer-Term Program Engagement
December 3, 2004
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This paper presents Ex Post Assessment of Longer-Term Program Engagement for Lesotho. The paper reviews the experience of the IMF’s engagement in Lesotho during the period 1991–2004, and briefly presents economic developments prior to these arrangements. It reviews performance under IMF-supported programs and analyzes the main factors accounting for that performance. The paper draws lessons from these program experiences and considers the main challenges facing Lesotho. The role that the IMF can play in helping the authorities to meet those challenges is also examined.
Subject: Expenditure, Fiscal policy, Health, HIV and AIDS, Macrostructural analysis, Public financial management (PFM), Structural reforms
Keywords: Africa, CR, exchange rate, fiscal policy, HIV and AIDS, implementation capacity, ISCR, monetary policy, policy response, private sector, public expenditure, real GNP, reform effort, repayment record, Southern Africa, Structural reforms, Sub-Saharan Africa
Pages:
35
Volume:
2004
DOI:
Issue:
384
Series:
Country Report No. 2004/384
Stock No:
1LSOEA0032004
ISBN:
9781451823783
ISSN:
1934-7685
