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

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2014. "Kingdom of Lesotho: Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 2014/201, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/201
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41744
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    Cited by:

    1. International Monetary Fund, 2014. "Kingdom of Swaziland: Staff Report for the 2014 Article IV Consultation," IMF Staff Country Reports 2014/223, International Monetary Fund.
    2. van Veldhuizen, Sander & Vogt, Benedikt & Voogt, Bart, 2020. "Negative home equity reduces household mobility: Evidence from administrative data," Journal of Housing Economics, Elsevier, vol. 47(C).

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