Kingdom of Lesotho: 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of Lesotho
April 21, 2008
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Lesotho has made progress toward macroeconomic stability. After recent economic development, diamond production, garment industry, and good performance in the agriculture and service sectors were recovered. The fiscal position and public debt sustainability indicators have improved. Achievement of these objectives will call for an acceleration of the pace of structural reforms with a focus on promoting private sector development, while ensuring strong medium-term fiscal and external positions. The envisaged programs would be key to relieving constraints on growth and enhancing productivity.
Subject: Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt, Public investment and public-private partnerships (PPP)
Keywords: Africa, authorities' recognition, authority, CR, exchange rate, fiscal strategy, Global, ISCR, Lesotho, NPV, Public investment and public-private partnerships (PPP), real GDP, recognition of the need, SACU windfall, surplus, textile trade regime
Pages:
69
Volume:
2008
DOI:
Issue:
136
Series:
Country Report No. 2008/136
Stock No:
1LSOEA2008002
ISBN:
9781451823882
ISSN:
1934-7685
