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Kingdom of Lesotho: Staff Report for the 2012 Article IV Consultation and Second and Third Reviews Under the Three-Year Arrangement Under the Extended Credit Facility and a Request for Augmentation of Access: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Kingdom of Lesotho

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  • International Monetary Fund

Abstract

This staff report examines the Kingdom of Lesotho’s 2012 Article IV Consultation and second and third reviews under the three-year arrangement under the Extended Credit Facility. Real GDP growth for 2010/11 is estimated at 5¾ percent, and inflation rose gradually in 2011, driven by international commodity prices. Despite the sharp drop in Southern African Customs Union (SACU) revenues, fiscal performance in 2010/11 has been much better than programmed, reflecting higher domestic revenue collections and cuts in recurrent spending.

Suggested Citation

  • International Monetary Fund, 2012. "Kingdom of Lesotho: Staff Report for the 2012 Article IV Consultation and Second and Third Reviews Under the Three-Year Arrangement Under the Extended Credit Facility and a Request for Augmentation of," IMF Staff Country Reports 2012/101, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/101
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=25886
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    Cited by:

    1. Lamaute-Brisson, Nathalie, 2013. "Social protection systems in Latin America and the Caribbean: Haiti," Documentos de Proyectos 4075, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

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