Kingdom of Lesotho: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility

International Monetary Fund

No 2013/294, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper highlights the Kingdom of Lesotho’s Sixth Review Under the Three-Year Arrangement under the Extended Credit Facility. Lesotho has maintained robust economic growth, with moderate inflation. The IMF report shows that economic growth is expected to exceed 4 percent, supported by a recovery in agricultural production, enhanced construction, and mining sector expansion. The reconciliation of treasury accounts has been delayed, largely owing to insufficient collaboration between the treasury and budgetary agencies. To address the problem, the Ministry of Finance issued a circular in June 2013 to enforce reconciliation reporting by all such agencies.

Keywords: ISCR; CR; ECF arrangement; Kingdom of Lesotho's performance; IMF's executive board; macroeconomic policy; Lesotho; IMF staff estimate; Government debt management; Africa; Southern Africa; Global (search for similar items in EconPapers)
Pages: 50
Date: 2013-09-20
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=40956 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2013/294

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().