Kingdom of Lesotho: Staff Report for the 2006 Article IV Consultation

November 14, 2006

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Kingdom of Lesotho: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

Lesotho is a small, landlocked, low-income country, with limited natural resources and a narrow production and export base. In recent Article IV consultations, IMF staff has emphasized the importance of ensuring that increases in outlays for poverty reduction are consistent with fiscal sustainability and absorptive capacity. However, economic activity has remained sluggish, reflecting the adverse impact of exogenous shocks. Fiscal management is becoming more challenging. The authorities are making efforts to implement their poverty reduction strategy. The political situation is relatively stable.

Subject: Central banks, Expenditure, International reserves, Public debt, Public financial management (PFM), Total expenditures

Keywords: Africa, CR, Exchange rate of the loti, Exchange rate., Government of the Kingdom of Lesotho, International reserves, ISCR, SACU, SACU receipt, Southern Africa, Staff appraisal, Total expenditures, Windfall SACU revenue

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/404
Stock No:

1LSOEA2006003
ISBN:

9781451823851
ISSN:

1934-7685

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