{
  "title": "Lesotho: Third Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waivers of Performance Criteria",
  "publication": "IMF Staff Country Reports, October 4, 2002",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/lesotho-third-review-under-the-poverty-reduction-and-growth-facility-arrangement-and-request-16097",
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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.",
  "sections": [
    {
      "heading": "Assessment summary",
      "content": "- The paper assesses Lesotho’s Third Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement and a request for waivers of performance criteria.\n- IMF staff supports the authorities’ request for a waiver on the unmet performance criterion."
    },
    {
      "heading": "Famine and humanitarian impact",
      "content": "- The government has declared a state of famine.\n- The famine is affecting an estimated 900,000 people."
    },
    {
      "heading": "Performance criterion breach and waiver request",
      "content": "- One quantitative performance criterion for end-March 2002—the ceiling on the government’s domestic financing requirement—was not observed.\n- The shortfall was almost entirely because of delays in external payments.\n- The authorities have requested a waiver on this performance criterion; IMF staff supports the waiver."
    },
    {
      "heading": "Thematic coverage (as listed)",
      "content": "- Banking\n- Central banks\n- Commercial banks\n- Expenditure\n- Financial institutions\n- International reserves\n- Revenue administration\n- Tax collection"
    },
    {
      "heading": "Keywords (as listed)",
      "content": "- Africa\n- Commercial banks\n- CR\n- food relief plan\n- government\n- government balance sheet\n- International reserves\n- ISCR\n- plan\n- PRGF arrangement\n- PRGF loan\n- priority poverty program\n- Southern Africa\n- Tax collection\n\nLesotho: Third Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waivers of Performance Criteria\n\n---\n\n Content in this bundle\n\n- cr02218\n  - cr02218 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr02218 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: October 4, 2002",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451823769.002",
    "The paper assesses Lesotho’s Third Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement and a request for waivers of performance criteria.",
    "IMF staff supports the authorities’ request for a waiver on the unmet performance criterion.",
    "The government has declared a state of famine.",
    "The famine 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.",
    "The shortfall was almost entirely because of delays in external payments.",
    "The authorities have requested a waiver on this performance criterion; IMF staff supports the waiver.",
    "Africa",
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    "food relief plan",
    "government",
    "government balance sheet",
    "ISCR",
    "plan",
    "PRGF arrangement",
    "PRGF loan",
    "priority poverty program",
    "Southern Africa",
    "**_cr02218**"
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