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Kingdom of Lesotho: Selected Issues and Statistical Appendix

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  • International Monetary Fund

Abstract

The challenge of achieving broad-based growth in Lesotho is discussed. Economic growth is inconsistent. Lesotho is highly dependent on trade with South Africa. The sources of growth in Lesotho using a social accounting matrix model and a growth-accounting framework are outlined. The main constraints to growth and private investment and current policy initiative to promote broad-based growth and private investment are analyzed. The various methods employed suggest that there is neither external stability nor significant evidence of exchange rate misalignment.

Suggested Citation

  • International Monetary Fund, 2008. "Kingdom of Lesotho: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2008/135, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/135
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