IMF Staff Country Reports

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

Publication Date:

May 3, 2002

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 2002/096

Subject:

Expenditure External debt International trade Public financial management (PFM) Revenue administration