European Parliament Library

Kingdom of Lesotho :, Request for a Three-Year Arrangement Extended Fund Facility Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; Statement by the Executive Director for the Kingdom of Lesotho

Lesotho’s fiscal and external balances have deteriorated as a result of the global economic downturn and a surge in spending. Undertaking key fiscal adjustments to restore macroeconomic stability is necessary for raising Lesotho’s growth potential. Executive Directors commend the measures taken in the budget to reduce expenditure. Further strengthening of debt management and accelerating structural reforms is crucial for raising Lesotho’s growth potential. Strengthening the institutional and regulatory framework for banks and non-bank financial institutions (NBFIs) will help to support financial sector health and stability
Table Of Contents
""Cover""; ""Contents""; ""Glossary""; ""Executive Summary""; ""I. Background and Recent Developments""; ""II. The three-year Arrangement Under the Extended Credit Facility (ECF)""; ""A. Medium-Term Macroeconomic Framework for 2010�13""; ""III. The Economic Program for 2010/11""; ""A. Fiscal Consolidation""; ""B. Structural Reforms to Increase Productivity and External Competitiveness""; ""C. Financial Sector Strengthening to Enhance Access to Financial Services and Support Economic Development""; ""IV. Program Risks""; ""V. Program Monitoring""; ""A. Program Monitoring and Conditionality""
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (89 p.)
Specific Material Designation
Form Of Item

Library Locations

  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR