Kingdom of Lesotho : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kingdom of Lesotho

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

April 30, 2019

Electronic Access:

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Summary:

A four-party coalition government took office in June 2017 and, with support from a regional peacekeeping force, has brought peace and stability. However, with SACU revenues below historical averages and government expenditures remaining high, the fiscal situation has deteriorated, leading to the emergence of government payment arrears. While international reserves are at adequate levels and banks remain well-capitalized, domestic arrears are beginning to impact the broader economy, exacerbating growth challenges posed by structural impediments. Unemployment, particularly among the young, is a major concern.

Series:

Country Report No. 19/113

Subject:

English

Publication Date:

April 30, 2019

ISBN/ISSN:

9781498312370/1934-7685

Stock No:

1LSOEA2019001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

75

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