European Parliament Library

Kingdom of Lesotho :, Staff Report for the 2012 Article IV Consultation and Second and Third Reviews Under the Three-Year Arrangement Under the Extended Credit Facility and a Request for Augmentation of Access: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of Lesotho

This staff report examines the Kingdom of Lesotho’s 2012 Article IV Consultation and second and third reviews under the three-year arrangement under the Extended Credit Facility. Real GDP growth for 2010/11 is estimated at 5¾ percent, and inflation rose gradually in 2011, driven by international commodity prices. Despite the sharp drop in Southern African Customs Union (SACU) revenues, fiscal performance in 2010/11 has been much better than programmed, reflecting higher domestic revenue collections and cuts in recurrent spending
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Recent Economic Developments and Program Performance; Boxes; 1. Diamond Sector; III. Article IV Consultation Discussion; A. Policies to Ensure Macroeconomic Stability; 2. Impacts of Recent Floods and High International Commodity Prices on International Reserves; B. Policies to Achieve Sustained Growth in the Medium-Term; 3. Exchange Rate Assessment; 4. Non-bank Financial Institutions; 5. Disparity in GNI and GDP; C. Medium-term Outlook; IV. Program Monitoring, Poverty Reduction Strategy, and Safeguards Assessment
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (86 p.)
Specific Material Designation
Form Of Item

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