European Parliament Library

Kingdom of Lesotho :, Staff Report for the 2014 Article IV Consultation

This 2014 Article IV Consultation highlights that since 2010, the Lesotho’s economy has performed well with the growth of real GDP averaging over 5 percent a year and inflation held to single-digit levels. International reserves have recovered to close to 5 months of import coverage after dipping to 3½ months of imports in 2012 in the wake of the balance of payments and fiscal crisis. The economic outlook for Lesotho is positive with strong economic growth and low inflation. Economic activity is expected to be supported by large public investment projects, including the second phase of Lesotho Highland Water Project
Table Of Contents
Cover; CONTENTS; RECENT DEVELOPMENTS, OUTLOOK AND RISKS; A. Economic Developments in 2010/11-2013/14; BOXES; 1. IMF Policy Advice in the 2012 Article IV Consultation and Program Outcome; B. Outlook and Risks for 2014/15 and the Medium Term; POLICY DISCUSSIONS; A. Policy Theme 1: Balancing Macroeconomic Policies to Support Stability and Inclusive Growth; 2. Developing a Rules-Based Fiscal Framework; B. Policy Theme 2: Strengthening Public Financial Management to Improve Government Services; C. Policy Theme 3: Sound Deepening of the Financial Sector
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (71 p.)
Specific Material Designation
Form Of Item

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