Download or read book Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-12-03 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines Lesotho’s Sixth Review Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Nonobservance of Performance Criteria. Real GDP growth slowed to 31⁄4 percent in 2003/04 (April-March) owing to the adverse impact of drought on agricultural output and slower-than-envisaged growth in the construction sector. Fiscal performance in 2003/04 was stronger than envisaged in the program, partly reflecting temporary factors. All quantitative performance criteria for December 2003 and indicative targets for March 2004 were met. The IMF staff supports the key macroeconomic objectives of the authorities’ budget for 2004/05.
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 2012-12-12 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lesotho’s National Strategic Development Plan (NSDP) serves as an implementation strategy for the national vision. It recognizes the significant challenges Lesotho faces in reducing poverty and making growth more broad-based. Overall, it presents a coherent analysis and offers an appropriate path forward to sustained poverty reduction and sustainable economic growth. Executive Directors find that a well-designed implementation and monitoring framework is necessary. Implementation of the NSDP will be a key challenge.
Download or read book Kingdom of Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-05-11 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the Kingdom of Lesotho’s Poverty Reduction Strategy Paper and National Strategic Development Plan (NSDP) 2012/13–2016/17. NSDP recognizes, as a point of departure, the need and urgency for Lesotho to radically transform its economy. To achieve the National Vision goals and to reduce poverty and achieve sustainable development, the NSDP strategic goals will be to pursue high, shared, and employment-creating economic growth and develop key infrastructure. The mining investment of more than M 5 billion will lead to increased diamond exports, higher GDP, and faster growth in tax revenues.
Download or read book Kingdom of Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-04-27 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Poverty Reduction Strategy Paper for the Kingdom of Lesotho presents a determined plan in pursuance of high and sustainable equity-based economic growth. It contains medium-term objectives and strategies to address the major challenges facing the country. These challenges include employment creation and income generation, and improving quality of and access to education and health services. Lesotho plans to deal boldly with its trading and investment partners by exploiting the opportunities inherent in the process of globalization under such mechanisms as the Africa Growth and Opportunities Act.
Download or read book Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-10-04 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses Lesotho’s Third Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement and Request for Waivers of Performance Criteria. The government has declared a state of famine that is affecting an estimated 900,000 people. One quantitative performance criterion for end-March 2002—the ceiling on the government’s domestic financing requirement—was not observed, almost entirely because of delays in external payments. The authorities have requested, and IMF staff supports, a waiver on this performance criterion.
Download or read book Lesotho Managing Government Finances for Growth and Poverty Reduction written by and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Kingdom of Lesotho written by and published by . This book was released on 2007 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Evaluation of Lesotho s Child Grants Programme CGP and Sustainable Poverty Reduction through Income Nutrition and Access to Government Services SPRINGS project written by Pace, N., Daidone, S., Bhalla, G., Prifti, E. and published by Food & Agriculture Org.. This book was released on 2021-05-27 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social protection has been recognized as a key strategy to address poverty, vulnerability and social exclusion in Lesotho. As a result, the Government, with support from UNICEF and the European Union, developed the Child Grants Programme (CGP), which provides unconditional cash transfers to poor and vulnerable households registered in the National Information System for Social Assistance (NISSA). The quantitative impact evaluation presented in this report seeks to document the welfare and economic impacts of CGP and SPRINGS on direct beneficiaries and assess whether combining the cash transfers with a package of rural development interventions can create positive synergies at both individual and household level, especially in relation to income generating activities and nutrition. This paper is being published in the context of a partnership between FAO, IFAD and the Universidad de los Andes (UNIANDES) and its Centro de Estudios en Desarrollo Económico (CEDE) based in Bogotá, Colombia.
Download or read book Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-06-19 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses Lesotho’s Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria. Lesotho’s economic program was broadly on track through December 2002, but large fiscal slippages emerged by end-March 2003. IMF staff welcomes the government’s strong commitment to its economic program and recommends completion of the fourth review. It supports a waiver for the nonobserved quantitative performance criterion because of the actions taken by the government to reduce nonessential spending in 2002/03 and because of its commitment to implement sustainable fiscal policies in the medium term.
Download or read book Lesotho Managing Government Finances for Growth and Poverty Reduction written by Weltbank and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This report on managing government finances for growth and poverty reduction in Lesotho is centered on three areas of analysis: (i) macroeconomic and fiscal performance and prospects; (ii) inter and intra-sectoral allocation of resources; and (iii) public expenditure and financial management. A Public Financial Management assessment report, prepared using the Public Expenditure and Financial Accountability (PEFA) framework is included as an Appendix to the main report. The study stress that despite the relatively good growth performance, Lesotho remains one of the poorest countries in the Southern Africa region. Because of this the Government now seeks to address in a more systematic manner the many challenges facing Lesotho including: 1) the slow pace of job creation in Lesotho, compounded by the continual decline in mining jobs for migrant workers in South Africa and a slowdown in GDP growth rate; 2) the increase in the incidence of poverty over the past twenty years; 3) a relatively large and inefficient public sector; 4) excessive reliance on revenues generated by the Southern Africa Customs Union ; and 5) the rapid spread of HIV/AIDS (current prevalence rate estimated at 24 percent), which, if unchecked, will negate all efforts to improve the economy and welfare of the Basotho people.
Download or read book Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-02-05 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lesotho's economy has continued to perform well under the Poverty Reduction and Growth Facility (PRGF) arrangement despite adverse weather conditions and the regional food shortage. Executive Directors welcomed the strategy to achieve higher and sustainable economic growth, reduce poverty, and improve social conditions by creating private sector developments and labor-intensive industries. They appreciated the monetary and fiscal policies, the integration of PRGF objectives with the budget, and the improvement in the tax system. They emphasized the need to accelerate structural reforms and supported the Anti-Corruption Unit.
Download or read book Lesotho Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria Staff Report Press Release on the Executive Board Discussion and Statement by the Executive Director for Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-06-19 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses Lesotho’s Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria. Lesotho’s economic program was broadly on track through December 2002, but large fiscal slippages emerged by end-March 2003. IMF staff welcomes the government’s strong commitment to its economic program and recommends completion of the fourth review. It supports a waiver for the nonobserved quantitative performance criterion because of the actions taken by the government to reduce nonessential spending in 2002/03 and because of its commitment to implement sustainable fiscal policies in the medium term.
Download or read book Lesotho Staff Report for the Article IV Consultation written by and published by . This book was released on 2004 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Background to the Budget written by Lesotho and published by . This book was released on 2005 with total page 60 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 2010-07-21 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lesotho’s fiscal and external balances have deteriorated as a result of the global economic downturn and a surge in spending. Undertaking key fiscal adjustments to restore macroeconomic stability is necessary for raising Lesotho’s growth potential. Executive Directors commend the measures taken in the budget to reduce expenditure. Further strengthening of debt management and accelerating structural reforms is crucial for raising Lesotho’s growth potential. Strengthening the institutional and regulatory framework for banks and non-bank financial institutions (NBFIs) will help to support financial sector health and stability.
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 2016-02-03 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2015 Article IV Consultation discusses key issues related to the economic growth of Lesotho. Although Lesotho achieved solid economic growth with only moderate inflation in the several years, this growth has failed to reduce poverty in the country. Lesotho's major chunk of revenue comes from South African Customs Union to finance large government expenditures, but this revenue will fall sharply in fiscal year 2016/17. Despite having substantial international reserves and fiscal buffers, a major fiscal adjustment over the next two to three years will be needed to maintain macroeconomic stability. The private sector needs to be the engine for job creation to strengthen inclusiveness.
Download or read book Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-06-12 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Lesotho economy is experiencing a downturn of economic growth, high unemployment and poverty, and fiscal and balance-of-payments pressures. The size of the proposed fiscal adjustment is adequate because it focuses on improvement in the external current account balance and the maintenance of gross international reserves. The current monetary arrangement with South Africa has served Lesotho well. The efforts of the central bank to reduce the wide interest rate spreads, encourage financial intermediation, mobilize domestic savings, and reduce capital flight have been commended.
