Kingdom of Lesotho: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility

September 20, 2013

Preview Citation

Format: Chicago

Kingdom of Lesotho: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility, (USA: International Monetary Fund, 2013) accessed November 22, 2024

Summary

This paper highlights the Kingdom of Lesotho’s Sixth Review Under the Three-Year Arrangement under the Extended Credit Facility. Lesotho has maintained robust economic growth, with moderate inflation. The IMF report shows that economic growth is expected to exceed 4 percent, supported by a recovery in agricultural production, enhanced construction, and mining sector expansion. The reconciliation of treasury accounts has been delayed, largely owing to insufficient collaboration between the treasury and budgetary agencies. To address the problem, the Ministry of Finance issued a circular in June 2013 to enforce reconciliation reporting by all such agencies.

Subject: External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, CR, ECF arrangement, Global, Government debt management, IMF staff estimate, IMF's executive board, ISCR, Kingdom of Lesotho's performance, Lesotho, Macroeconomic policy, Southern Africa

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/294
Stock No:

1LSOEA2013002
ISBN:

9781484349830
ISSN:

1934-7685

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