Kingdom of Lesotho: Staff Report for the 2014 Article IV Consultation

July 11, 2014

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Kingdom of Lesotho: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This 2014 Article IV Consultation highlights that since 2010, the Lesotho’s economy has performed well with the growth of real GDP averaging over 5 percent a year and inflation held to single-digit levels. International reserves have recovered to close to 5 months of import coverage after dipping to 3½ months of imports in 2012 in the wake of the balance of payments and fiscal crisis. The economic outlook for Lesotho is positive with strong economic growth and low inflation. Economic activity is expected to be supported by large public investment projects, including the second phase of Lesotho Highland Water Project.

Subject: Central banks, External debt, Fiscal policy, Fiscal stance, International reserves, Public financial management (PFM), Revenue administration

Keywords: Africa, Coalition government, CR, Economy faces risk, Fiscal stance, GDP, Global, Government, International reserves, ISCR, Policy, Policy concern, Policy priority, Reform effort, SACU revenue, Southern Africa

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/201
Stock No:

1LSOEA2014001
ISBN:

9781498300438
ISSN:

1934-7685

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