## Lesotho: Third Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waivers of Performance Criteria

_IMF Staff Country Reports, October 4, 2002_

## Source details

**Canonical URL:** [Lesotho: Third Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waivers of Performance Criteria](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/30/lesotho-third-review-under-the-poverty-reduction-and-growth-facility-arrangement-and-request-16097/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/30/lesotho-third-review-under-the-poverty-reduction-and-growth-facility-arrangement-and-request-16097/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/30/lesotho-third-review-under-the-poverty-reduction-and-growth-facility-arrangement-and-request-16097/bundle-manifest.json)

## Bibliographic details
- Published: October 4, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451823769.002

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### Assessment summary
- 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.

### Famine and humanitarian impact
- The government has declared a state of famine.
- The famine is affecting an estimated 900,000 people.

### Performance criterion breach and waiver request
- 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.

### Thematic coverage (as listed)
- Banking
- Central banks
- Commercial banks
- Expenditure
- Financial institutions
- International reserves
- Revenue administration
- Tax collection

### Keywords (as listed)
- Africa
- Commercial banks
- CR
- food relief plan
- government
- government balance sheet
- International reserves
- ISCR
- plan
- PRGF arrangement
- PRGF loan
- priority poverty program
- Southern Africa
- Tax collection

*Lesotho: Third Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waivers of Performance Criteria*

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## Content in this bundle

- **_cr02218**
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_Source: 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_