Kingdom of Lesotho: Selected Issues and Statistical Appendix

April 21, 2008

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Kingdom of Lesotho: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2008) accessed December 22, 2024

Summary

The challenge of achieving broad-based growth in Lesotho is discussed. Economic growth is inconsistent. Lesotho is highly dependent on trade with South Africa. The sources of growth in Lesotho using a social accounting matrix model and a growth-accounting framework are outlined. The main constraints to growth and private investment and current policy initiative to promote broad-based growth and private investment are analyzed. The various methods employed suggest that there is neither external stability nor significant evidence of exchange rate misalignment.

Subject: Exchange rates, Foreign exchange, Income, National accounts, Purchasing power parity, Real effective exchange rates, Real exchange rates

Keywords: Africa, Competitiveness rank Lesotho, CR, Doing business indicator, Exchange rate, Exchange rates, Firms in Lesotho, Income, ISCR, Lesotho, Purchasing power parity, Real effective exchange rates, Real exchange rates, Sub-Saharan Africa, Textile export, Textile sector

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/135
Stock No:

1LSOEA2008001
ISBN:

9781451823875
ISSN:

1934-7685

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