Kingdom of Lesotho : Staff Report for the 2006 Article IV Consultation

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Kingdom of Lesotho : Staff Report for the 2006 Article IV Consultation
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Volume/Issue:
2006/404
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
November 2006
DOI:
http://dx.doi.org/10.5089/9781451823851.002
ISBN:
9781451823851
ISSN:
1934-7685
Page:
60
Lesotho is a small, landlocked, low-income country, with limited natural resources and a narrow production and export base. In recent Article IV consultations, IMF staff has emphasized the importance of ensuring that increases in outlays for poverty reduction are consistent with fiscal sustainability and absorptive capacity. However, economic activity has remained sluggish, reflecting the adverse impact of exogenous shocks. Fiscal management is becoming more challenging. The authorities are making efforts to implement their poverty reduction strategy. The political situation is relatively stable.
Article

Kingdom of Lesotho: Staff Report for the 2006 Article IV Consultation

Author(s):
International Monetary Fund
Published Date:
November 2006
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