Lesotho: Ex Post Assessment of Longer-Term Program Engagement

International Monetary Fund

No 2004/384, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents Ex Post Assessment of Longer-Term Program Engagement for Lesotho. The paper reviews the experience of the IMF’s engagement in Lesotho during the period 1991–2004, and briefly presents economic developments prior to these arrangements. It reviews performance under IMF-supported programs and analyzes the main factors accounting for that performance. The paper draws lessons from these program experiences and considers the main challenges facing Lesotho. The role that the IMF can play in helping the authorities to meet those challenges is also examined.

Keywords: ISCR; CR; real GNP; public expenditure; repayment record; exchange rate; private sector; monetary policy; implementation capacity; policy response; reform effort; fiscal policy; HIV and AIDS; Structural reforms; Africa; Southern Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 35
Date: 2004-12-03
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2004/384

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