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The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland

The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland »

Source: The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland

Volume/Issue: 2011/266

Series: IMF Working Papers

Author(s): Luis-Felipe Zanna , Olivier Basdevant , Susan Yang , Genevieve Verdier , Joannes Mongardini , Borislava Mircheva , and Dalmacio Benicio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

ISBN: 9781463924652

Keywords: fiscal multipliers, SACU transfers, fiscal consolidation, consumption tax, government spending, fiscal consolidations, consumption tax rate, Computational Techniques, National Budget, Deficit

Botswana, Lesotho, Namibia, and Swaziland face the serious challenge of adjusting not only to lower Southern Africa Customs Union (SACU) transfers because of the global economic crisis, but also to a potential furt...

IMF Completes Fifth Review Under Lesotho’s PRGF Arrangement and Approves US$5.2 Million Disbursement

IMF Completes Fifth Review Under Lesotho’s PRGF Arrangement and Approves US$5.2 Million Disbursement »

Source: Lesotho : Staff Report for the 2003 Article IV Consultation, Fifth Review Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria and Extension of Arrangement

Volume/Issue: 2004/21

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2004

ISBN: 9781451823707

Keywords: central bank, debt, interest, budget, public sector

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...

IMF Completes Review Under Lesotho’s PRGF Arrangement and Approves US$4.6 Million Disbursement

IMF Completes Review Under Lesotho’s PRGF Arrangement and Approves US$4.6 Million Disbursement »

Source: Lesotho : Third Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waivers of Performance Criteria

Volume/Issue: 2002/218

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 October 2002

ISBN: 9781451823769

Keywords: central bank, debt, budget, accountant general, public sector

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 a...

IMF Completes Review Under Lesotho’s PRGF Arrangement and Approves US$4.98 Million Disbursement

IMF Completes Review Under Lesotho’s PRGF Arrangement and Approves US$4.98 Million Disbursement »

Source: Lesotho : Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria

Volume/Issue: 2003/169

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 June 2003

ISBN: 9781451823691

Keywords: central bank, debt, budget, interest, deficit

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 Decemb...

IMF Completes Second Review Under Lesotho’s PRGF Arrangement and Approves US$4 Million Disbursement

IMF Completes Second Review Under Lesotho’s PRGF Arrangement and Approves US$4 Million Disbursement »

Source: LESOTHO Staff Report for the 2001 Article IV Consultation and the Second Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criterion

Volume/Issue: 2002/96

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 2002

ISBN: 9781451823684

Keywords: central bank, budget, debt, public sector, ministry of finance

This paper examines Lesotho's 2001 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility Arrangement, and a Request for Waiver of the Performance Criterion. The economic program rem...

IMF Completes Sixth and Final Review Under Lesotho’s PRGF Arrangement and Approves US$5 Million Disbursement

IMF Completes Sixth and Final Review Under Lesotho’s PRGF Arrangement and Approves US$5 Million Disbursement »

Source: Lesotho : Sixth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criteria

Volume/Issue: 2004/387

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 December 2004

ISBN: 9781451823813

Keywords: debt, central bank, budget, interest, public sector

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 (...

IMF Concludes 2001 Article IV Consultation with Lesotho

IMF Concludes 2001 Article IV Consultation with Lesotho »

Source: LESOTHO Staff Report for the 2001 Article IV Consultation and the Second Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criterion

Volume/Issue: 2002/96

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 2002

ISBN: 9781451823684

Keywords: central bank, budget, debt, public sector, ministry of finance

This paper examines Lesotho's 2001 Article IV Consultation, Second Review Under the Poverty Reduction and Growth Facility Arrangement, and a Request for Waiver of the Performance Criterion. The economic program rem...

IMF Concludes 2003 Article IV Consultation with Lesotho

IMF Concludes 2003 Article IV Consultation with Lesotho »

Source: Lesotho : Staff Report for the 2003 Article IV Consultation, Fifth Review Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Performance Criteria and Extension of Arrangement

Volume/Issue: 2004/21

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2004

ISBN: 9781451823707

Keywords: central bank, debt, interest, budget, public sector

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...

IMF Executive Board Approves US$61.4 Million Three-year ECF Arrangement for the Kingdom of Lesotho

IMF Executive Board Approves US$61.4 Million Three-year ECF Arrangement for the Kingdom of Lesotho »

Source: Kingdom of Lesotho : Request for a Three-Year Arrangement Extended Fund Facility Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; Statement by the Executive Director for the Kingdom of Lesotho

Volume/Issue: 2010/225

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2010

ISBN: 9781455205745

Keywords: debt, revenues, central bank, budget, deficit

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 r...

IMF Executive Board Completes First Review Under ECF Arrangement for the Kingdom of Lesotho and Approves Disbursement of US$9 Million

IMF Executive Board Completes First Review Under ECF Arrangement for the Kingdom of Lesotho and Approves Disbursement of US$9 Million »

Source: Kingdom of Lesotho : First Review Under the Three-Year Extended Credit Facility Arrangement and Requests for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria-Staff Report and Press Release.

Volume/Issue: 2011/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 April 2011

ISBN: 9781455231072

Keywords: debt, central bank, revenues, deficit, budget

The authorities reiterated their firm commitment to the policies and objectives outlined in the May 17, 2010 Memorandum of Economic and Financial Policies. They are committed to a reduction in other primary spendin...