Lesotho: Recent Economic Developments

International Monetary Fund

No 1996/119, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Lesotho during 1992–95. GDP growth accelerated from 2.4 percent in 1992 to 13.6 percent in 1994 before slowing to 12.6 percent in 1995. The expansion has largely reflected investment associated with the Lesotho Highlands Water Project (LHWP) as well as manufacturing for export. The LHWP alone accounted for 22.8 percent of gross national product (GNP) in 1995/96. Non-LHWP investment increased from 9.9 percent of GNP in 1988/89 to an estimated 23.4 percent in 1995/96.

Keywords: ISCR; CR; Lesotho; enterprise; government; pay; nonbank government borrowing; export partner; import development; monetary management; privatized company; Lesotho savings; prime lending rate; liquid asset ratio; wage bill; workers' remittance; Lesotho workers' remittance; time deposit; Lesotho composition; Labor force; Privatization; Imports; Africa (search for similar items in EconPapers)
Pages: 82
Date: 1996-11-20
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