Kingdom of Lesotho: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2005/437, IMF Staff Country Reports from International Monetary Fund

Abstract: The Kingdom of Lesotho’s 2005 Article IV Consultation reports that the government’s fiscal position and the external current account have improved markedly. The authorities are preparing an action plan, in collaboration with development partners, to improve the business climate. Critical measures aim to increase labor productivity through training, reduce domestic costs for the private sector by addressing infrastructure bottlenecks, remove regulatory and administrative impediments, improve access to financial services, and promote product and export market diversification.

Keywords: ISCR; CR; consumer price inflation; exchange rate depreciation; signing of the Millennium Challenge Corporation; staff's assessment; Kingdom of Lesotho authorities; Africa (search for similar items in EconPapers)
Pages: 62
Date: 2005-12-28
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