Lesotho: Staff Report for the 2001 Article IV Consultation and the Second Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criterion
May 3, 2002
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This paper examines Lesotho’s 2001 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility Arrangement, and a Request for Waiver of the Performance Criterion. The economic program remains on track. Key economic indicators are performing as expected, and all quantitative performance criteria for end-September 2001 were observed. However, one structural performance criterion, making the Lesotho Revenue Authority operational, was delayed because of late parliamentary action. One benchmark—completing the 2000/01 public accounts for auditing—was not completed because of a decision to complete accounts from 1993/94 in sequence.
Subject: Expenditure, External debt, International trade, Public financial management (PFM), Revenue administration
Keywords: Africa, authorities in Lesotho, authorities' memorandum, Budget planning and preparation, central bank of Lesotho, CR, Exports, Global, government, ISCR, Lesotho's performance, PRGF arrangement, Southern Africa
Pages:
78
Volume:
2002
DOI:
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Issue:
096
Series:
Country Report No. 2002/096
Stock No:
1LSOEA0012002
ISBN:
9781451823684
ISSN:
1934-7685
