Kingdom of Lesotho: 2024 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Kingdom of Lesotho

September 11, 2024

Preview Citation

Format: Chicago

Kingdom of Lesotho: 2024 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Kingdom of Lesotho, (USA: International Monetary Fund, 2024) accessed September 14, 2024

Summary

Lesotho’s economy has been struggling with subdued growth, high unemployment, and widespread poverty. The government-led growth model has resulted in an economy heavily reliant on public spending, with a small and undiversified private sector. This has led to low private investment, declining competitiveness, and high informality. Additionally, the economy is highly dependent on rain-based agriculture, making it vulnerable to climate-related shocks.

Subject: Debt sustainability, Debt sustainability analysis, Expenditure, External debt, Fiscal policy, Fiscal stance, Government debt management, National accounts, Public debt, Public financial management (PFM)

Keywords: Contingent liabilities, Debt sustainability, Debt sustainability analysis, Fiscal stance, Government debt management, Inflation

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/288
Stock No:

1LSOEA2024001
ISBN:

9798400287428
ISSN:

1934-7685

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