Download or read book Kingdom of Lesotho 2007 Article IV Consultation written by Robert Sharer and published by . This book was released on 2008 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of Lesotho 2007 Article IV Consultation Staff Report Staff Supplement Public Information Notice on the Executive Board Discussion and Statement by the Executive Director for the Kingdom of Lesotho written by International Monetary Fund and published by . This book was released on 2008-04-21 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of Lesotho written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2023-07-20 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The government-driven growth model remains a challenge for sustainable and inclusive growth in Lesotho, displacing resources from the private sector. Growth and inflation are subject to the impact of the war in Ukraine, sluggish regional performance, climate shocks, and longstanding structural issues including governance and corruption vulnerabilities, limited financial access, and fragile public financial management. The recently-elected government is prioritizing fiscal consolidation on the back of windfall transfers from the Southern African Customs Union (SACU) that have helped alleviate pressures on both financing and reserves.
Download or read book Kingdom of Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-01-07 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2008 Article IV Consultation discusses that Lesotho has made significant progress in macroeconomic performance, but the pace of implementation of key structural reforms has been slow. After a decade of low growth, economic activity surged above historic trends, averaging 6.6 percent during 2006–07, driven by the mining, textile, and construction sectors. However, poverty has seen only a modest decline. Executive Directors have commended the authorities for their prudent macroeconomic management, which has contributed to the recent strong economic performance and a continued build-up of international reserves.
Download or read book Kingdom of Lesotho written by Robert Sharer and published by . This book was released on 2010 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of Lesotho 2008 Article Iv Consultation Staff Report Staff Supplement Public Information Notice on the Executive Board Discussion and Statement by Theexecutive Director for the Kingdom of Lesotho written by and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Lesotho Staff Report for the Article IV Consultation written by and published by . This book was released on 2008 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-04-21 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lesotho has made progress toward macroeconomic stability. After recent economic development, diamond production, garment industry, and good performance in the agriculture and service sectors were recovered. The fiscal position and public debt sustainability indicators have improved. Achievement of these objectives will call for an acceleration of the pace of structural reforms with a focus on promoting private sector development, while ensuring strong medium-term fiscal and external positions. The envisaged programs would be key to relieving constraints on growth and enhancing productivity.
Download or read book Kingdom of Lesotho 2022 Article IV Consultation Press Release Staff Report and Statement by the Executive Director for Kingdom of Lesotho written by International Monetary Fund. African Dept. and published by INTERNATIONAL MONETARY FUND. This book was released on 2022-06-07 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lesotho has been simultaneously hit by the pandemic, declining transfers from the Southern African Customs Union (SACU), and the impact of the war in Ukraine. The pandemic exacerbated the impact of sluggish regional performance, climate shocks, and longstanding structural issues such as regulation, governance, political stability, financial inclusion, and diversification. Public expenditure has continued to increase, such that the decline in external transfers precipitated significant financing pressures and growing domestic arrears. With limited inflows to the private sector, the resulting public sector-driven external imbalances have continued to put pressure on international reserves needed to maintain the exchange rate peg.
Download or read book Kingdom of Lesotho written by Jean Clément and published by . This book was released on 2006 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of Lesotho written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-03-05 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper provides further background on the macrofinancial sector analysis that informed Lesotho’s 2017 Article IV consultation. Lesotho’s financial sector is small, concentrated, and lacks financial inclusion, although mobile banking services and financial cooperatives offer some encouraging potential. Lesotho’s most important vulnerabilities are exposure to developments in South Africa and dependence on revenues from the Southern African Customs Union (SACU). Shocks to SACU revenues can become a source of systemic risk by affecting the fiscal position and the balance of payments. The financial system will be affected by both channels, with substantial implications if the shock is permanent. This paper focuses on two potential consequences of a severe SACU revenue shock for the financial system: A decline in reserves that may threaten the sustainability of the hard currency peg with the South African rand, and the impact of a forced fiscal consolidation on household income and the quality of credit to households, affecting both bank and nonbank lenders. It turns out that financial shallowness and lack of inclusion may be a defining feature of the formal banking system; thereby raising questions about potential trade-offs between inclusiveness and financial stability.
Download or read book Regional Trade Integration Economic Growth and Poverty Reduction in Southern Africa written by M. Tekere and published by African Books Collective. This book was released on 2012 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite a long history of regional integration and a multiplicity of regional organizations in southern Africa, the effect of regional integration on economic growth and poverty reduction remains debatable or elusive. This causes many to doubt whether regional integration is in actual fact an effective poverty-reduction strategy. Accordingly, the focus of this book is to explore and analyze whether specific Southern African Development Community (SADC) trade integration policies, especially the trade liberalization regime, have produced economic growth and reduced poverty in the region. While it is generally agreed that economic growth is the panacea to poverty reduction, there is little evidence as to whether regional integration in Africa is associated with economic growth in the countries concerned and subsequently leads to poverty reduction. The book makes recommendations on how the SADC FTAs can contribute to poverty reduction and socioeconomic development, and goes on to suggest policy proposals on how to enhance the contribution of the FTAs to poverty eradication and economic development. It also identifies specific activities to be undertaken to enable supply-side and productive competitiveness interventions to support the FTAs and contribute to economic development. The potential constraints and negative impacts of the FTAs are investigated and highlighted, and possible solutions are recommended and motivated.
Download or read book Catastrophe Containment and Relief Trust Fourth Tranche of Debt Service Relief in The Context of The Covid 19 Pandemic and Approval of Additional Beneficiary Member Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-10-08 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper provides brief updates for each CCRT-eligible country on its policy responses to the pandemic and on staff’s assessments of these policies, the use of resources freed up by debt service relief, and the implementation of governance safeguards commitments. The paper also provides an update on the financial situation of the CCRT. The generous support from 17 donor countries and the EU has mobilized SDR 609 million in new pledges since the onset of the pandemic.
Download or read book Southern African Customs Union SACU 2009 written by and published by . This book was released on 2010-03 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Trade Policy Review Mechanism, a permanent feature of the World Trade Organization (WTO), is designed to contribute to improving adherence by all WTO members to rules, disciplines, and commitments made under the Multilateral Trade Agreement. This volume in the series provides information on the trade policies, practices, and macroeconomic situations of the Southern African Customs Union (SACU). Each Trade Policy Review is expertly prepared after in-depth analysis of an individual nation by the WTO s Trade Policy Review Board."
Download or read book Kingdom of Lesotho 2005 Article IV Consultation written by Sharmini Coorey and published by . This book was released on 2005 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of Lesotho written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2018-10-03 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Technical Assistance Report discusses the findings and recommendations made by the IMF mission regarding compilation of Government Finance Statistics (GFS) in Lesotho. The IMF mission reviewed current compilation methods of GFS for the budgetary central government and found that there were significant accuracy, classification, coverage, and comprehensiveness issues that undermine the credibility of fiscal statistics currently compiled and disseminated. Currently compiled and disseminated GFS include a large and persistent statistical discrepancy. The statistical discrepancy averaged to about a third of total revenue in preliminary data for FY2016/17 and FY2017/18. The mission also identified and discussed with the staff of the Ministry of Finance a number of reasons that may partly explain the discrepancy.
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
