Volume/Issue: 2020/317
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Statistics Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
16
December
2020
DOI: http://dx.doi.org/10.5089/9781513564036.002
ISBN: 9781513564036
In response to a request from the authorities and as part of the United Kingdom's Department for International Development (DFID) Enhanced Data Dissemination Initiative (EDDI) 2 project, a government finance statis...
Volume/Issue: 2020/317
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Statistics Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
16
December
2020
ISBN: 9781513564036
In response to a request from the authorities and as part of the United Kingdom's Department for International Development (DFID) Enhanced Data Dissemination Initiative (EDDI) 2 project, a government finance statis...
Volume/Issue: 192020/228
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
July
2020
ISBN: 9781513551845
The COVID-19 pandemic is having a severe impact on Lesotho's economy. Supply chains for major industries have been disrupted and a national shutdown to contain the virus curtailed economic activity with adverse soc...
Volume/Issue: 192020/228
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
July
2020
DOI: http://dx.doi.org/10.5089/9781513551845.002
ISBN: 9781513551845
The COVID-19 pandemic is having a severe impact on Lesotho's economy. Supply chains for major industries have been disrupted and a national shutdown to contain the virus curtailed economic activity with adverse soc...
Volume/Issue: 192020/228
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
July
2020
ISBN: 9781513551845
The COVID-19 pandemic is having a severe impact on Lesotho's economy. Supply chains for major industries have been disrupted and a national shutdown to contain the virus curtailed economic activity with adverse soc...
Volume/Issue: 192020/228
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
July
2020
ISBN: 9781513551845
The COVID-19 pandemic is having a severe impact on Lesotho's economy. Supply chains for major industries have been disrupted and a national shutdown to contain the virus curtailed economic activity with adverse soc...
Volume/Issue: 192020/228
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
July
2020
ISBN: 9781513551845
The COVID-19 pandemic is having a severe impact on Lesotho's economy. Supply chains for major industries have been disrupted and a national shutdown to contain the virus curtailed economic activity with adverse soc...
Volume/Issue: 192020/222
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.;International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
22
July
2020
DOI: http://dx.doi.org/10.5089/9781513550992.002
ISBN: 9781513550992
This mission, a follow up to the earlier mission from IMF AFRITAC South (AFS) conducted in March 2017 (STX Mr. Bernie Egan), was designed to further help the authorities in the implementation of Basel II and select...
Volume/Issue: 192020/222
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.;International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
22
July
2020
ISBN: 9781513550992
This mission, a follow up to the earlier mission from IMF AFRITAC South (AFS) conducted in March 2017 (STX Mr. Bernie Egan), was designed to further help the authorities in the implementation of Basel II and select...
Volume: 2019
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Statistics Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
04
November
2019
DOI: http://dx.doi.org/10.5089/9781513518893.002
ISBN: 9781513518893
This paper on government finance statistics (GFS) mission in Lesotho presents a review of progress against recommendations of previous GFS technical assistance (TA) missions and further assist with improving the qu...
Volume: 2019
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Statistics Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
04
November
2019
ISBN: 9781513518893
This paper on government finance statistics (GFS) mission in Lesotho presents a review of progress against recommendations of previous GFS technical assistance (TA) missions and further assist with improving the qu...
Volume/Issue: 2019/113
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
April
2019
ISBN: 9781498312370
This 2019 Article IV Consultation highlights that while international reserves are at adequate levels and banks remain well-capitalized in the Republic of Lesotho, domestic arrears are beginning to impact the broad...
Volume/Issue: 2019/113
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
April
2019
DOI: http://dx.doi.org/10.5089/9781498312370.002
ISBN: 9781498312370
This 2019 Article IV Consultation highlights that while international reserves are at adequate levels and banks remain well-capitalized in the Republic of Lesotho, domestic arrears are beginning to impact the broad...
Volume/Issue: 2019/113
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
April
2019
ISBN: 9781498312370
This 2019 Article IV Consultation highlights that while international reserves are at adequate levels and banks remain well-capitalized in the Republic of Lesotho, domestic arrears are beginning to impact the broad...
Volume/Issue: 2019/113
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
April
2019
ISBN: 9781498312370
This 2019 Article IV Consultation highlights that while international reserves are at adequate levels and banks remain well-capitalized in the Republic of Lesotho, domestic arrears are beginning to impact the broad...
Volume/Issue: 2019/113
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
April
2019
ISBN: 9781498312370
This 2019 Article IV Consultation highlights that while international reserves are at adequate levels and banks remain well-capitalized in the Republic of Lesotho, domestic arrears are beginning to impact the broad...
Volume/Issue: 2019/1
Series: IMF Working Papers
Author(s):
Amine Hammadi
,
Marshall Mills
,
Nelson Sobrinho
,
Vimal Thakoor
, and
Ricardo Velloso
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
January
2019
ISBN: 9781484354872
Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of
governance and perceptions of corruption. Weak governance undermines economic
performance through various channels, includin...
Volume/Issue: 2019/1
Series: IMF Working Papers
Author(s):
Amine Hammadi
,
Marshall Mills
,
Nelson Sobrinho
,
Vimal Thakoor
, and
Ricardo Velloso
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
January
2019
DOI: http://dx.doi.org/10.5089/9781484354872.001
ISBN: 9781484354872
Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of
governance and perceptions of corruption. Weak governance undermines economic
performance through various channels, includin...
Volume/Issue: 2018/282
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Statistics Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
03
October
2018
DOI: http://dx.doi.org/10.5089/9781484377406.002
ISBN: 9781484377406
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 compilat...
Volume/Issue: 2018/282
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Statistics Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
03
October
2018
ISBN: 9781484377406
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 compilat...
Volume/Issue: 2018/1
Series: Spillover Notes
Author(s):
Francisco Arizala
,
Matthieu Bellon
,
Margaux MacDonald
,
Montfort Mlachila
, and
Mustafa Yenice
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2018
DOI: http://dx.doi.org/10.5089/9781484367148.062
ISBN: 9781484367148
After close to two decades of strong economic activity, overall growth in sub-Saharan Africa decelerated markedly in 2015-16 as the largest economies experienced negative or flat growth. Regional growth started rec...
Volume/Issue: 2018/1
Series: Spillover Notes
Author(s):
Francisco Arizala
,
Matthieu Bellon
,
Margaux MacDonald
,
Montfort Mlachila
, and
Mustafa Yenice
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
01
August
2018
ISBN: 9781484367148
After close to two decades of strong economic activity, overall growth in sub-Saharan Africa decelerated markedly in 2015-16 as the largest economies experienced negative or flat growth. Regional growth started rec...
Volume/Issue: 2018/10
Series: Departmental Papers / Policy Papers
Author(s):
Niko Hobdari
,
Vina Nguyen
,
Salvatore Dell'Erba
, and
Edgardo Ruggiero
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
July
2018
DOI: http://dx.doi.org/10.5089/9781484358269.087
ISBN: 9781484358269
Fiscal decentralization is becoming a pressing issue in a number of countries in sub-Saharan Africa, reflecting demands for a greater local voice in spending decisions and efforts to strengthen social cohesion. Aga...
Volume/Issue: 2018/9
Series: Departmental Papers / Policy Papers
Author(s):
Karim Barhoumi
,
Ha Vu
,
Shirin Nikaein Towfighian
, and
Rodolfo Maino
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
July
2018
DOI: http://dx.doi.org/10.5089/9781484360019.087
ISBN: 9781484360019
There is significant room to improve public investment efficiency in
sub-Saharan Africa. Investment in sub-Saharan African countries is lagging vis-à-vis peers such as emerging and developing Asia as well as Latin...
Volume/Issue: 2018/10
Series: Departmental Papers / Policy Papers
Author(s):
Niko Hobdari
,
Vina Nguyen
,
Salvatore Dell'Erba
, and
Edgardo Ruggiero
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
July
2018
ISBN: 9781484358269
Fiscal decentralization is becoming a pressing issue in a number of countries in sub-Saharan Africa, reflecting demands for a greater local voice in spending decisions and efforts to strengthen social cohesion. Aga...
Volume/Issue: 2018/9
Series: Departmental Papers / Policy Papers
Author(s):
Karim Barhoumi
,
Ha Vu
,
Shirin Nikaein Towfighian
, and
Rodolfo Maino
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
July
2018
ISBN: 9781484360019
There is significant room to improve public investment efficiency in
sub-Saharan Africa. Investment in sub-Saharan African countries is lagging vis-à-vis peers such as emerging and developing Asia as well as Latin...
Volume/Issue: 2018/59
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
05
March
2018
DOI: http://dx.doi.org/10.5089/9781484344941.002
ISBN: 9781484344941
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 financ...
Volume/Issue: 2018/59
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
05
March
2018
ISBN: 9781484344941
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 financ...
Volume/Issue: 2018/54
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
February
2018
ISBN: 9781484343289
This 2017 Article IV Consultation highlights that high levels of unemployment, poverty, and inequality persist in Lesotho despite its faster growth compared with regional peers over the last decade. GDP growth is e...
Volume/Issue: 2018/54
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
February
2018
DOI: http://dx.doi.org/10.5089/9781484343289.002
ISBN: 9781484343289
This 2017 Article IV Consultation highlights that high levels of unemployment, poverty, and inequality persist in Lesotho despite its faster growth compared with regional peers over the last decade. GDP growth is e...
Volume/Issue: 2018/54
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
February
2018
ISBN: 9781484343289
This 2017 Article IV Consultation highlights that high levels of unemployment, poverty, and inequality persist in Lesotho despite its faster growth compared with regional peers over the last decade. GDP growth is e...
Volume/Issue: 2018/54
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
February
2018
ISBN: 9781484343289
This 2017 Article IV Consultation highlights that high levels of unemployment, poverty, and inequality persist in Lesotho despite its faster growth compared with regional peers over the last decade. GDP growth is e...
Volume/Issue: 2018/54
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
February
2018
ISBN: 9781484343289
This 2017 Article IV Consultation highlights that high levels of unemployment, poverty, and inequality persist in Lesotho despite its faster growth compared with regional peers over the last decade. GDP growth is e...
Series: Departmental Papers / Policy Papers
Author(s):
Jiro Honda
,
Manabu Nose
,
Cesar Sosa Padilla
,
Jose L. Torres
,
Murna Morgan
,
Fernando Im
, and
Natalia Koliadina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
September
2017
ISBN: 9781484309575
Can Fiscal Rules Help?
This section explores possible impacts of fiscal rules to ensure fiscal and external stability in the short term and welfare benefits of fiscal...
Series: Departmental Papers / Policy Papers
Author(s):
Jiro Honda
,
Manabu Nose
,
Cesar Sosa Padilla
,
Jose L. Torres
,
Murna Morgan
,
Fernando Im
, and
Natalia Koliadina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
September
2017
ISBN: 9781484309575
Under the current SACU arrangement, Lesotho and Swaziland have faced significant volatility in their revenues, largely owing to highly volatile SACU receipts. A significant decline in these reve...
Series: Departmental Papers / Policy Papers
Author(s):
Jiro Honda
,
Manabu Nose
,
Cesar Sosa Padilla
,
Jose L. Torres
,
Murna Morgan
,
Fernando Im
, and
Natalia Koliadina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
September
2017
ISBN: 9781484309575
Groundwork for Successful Fiscal Rules
The experiences of countries with fiscal rules suggest that their success depends on their design, and on legislative and insti...
Series: Departmental Papers / Policy Papers
Author(s):
Jiro Honda
,
Manabu Nose
,
Cesar Sosa Padilla
,
Jose L. Torres
,
Murna Morgan
,
Fernando Im
, and
Natalia Koliadina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
September
2017
ISBN: 9781484309575
Policy Challenges Associated with SACU Revenues
SACU revenues have been a sizable but volatile source of revenue for Lesotho and Swaziland (Table 1). Under the SACU a...
Volume: 17
Series: Departmental Papers / Policy Papers
Author(s):
Jiro Honda
,
Manabu Nose
,
Cesar Sosa Padilla
,
Jose L. Torres
,
Murna Morgan
,
Fernando Im
, and
Natalia Koliadina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
September
2017
DOI: http://dx.doi.org/10.5089/9781484309575.087
ISBN: 9781484309575
Over the past decade, Lesotho and Swaziland have faced significant volatility in their fiscal revenues, owing to highly unstable Southern African Customs Union (SACU) receipts. Based on model analysis, this paper e...
Volume: 17
Series: Departmental Papers / Policy Papers
Author(s):
Jiro Honda
,
Manabu Nose
,
Cesar Sosa Padilla
,
Jose L. Torres
,
Murna Morgan
,
Fernando Im
, and
Natalia Koliadina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
September
2017
ISBN: 9781484309575
Over the past decade, Lesotho and Swaziland have faced significant volatility in their fiscal revenues, owing to highly unstable Southern African Customs Union (SACU) receipts. Based on model analysis, this paper e...
Series: Departmental Papers / Policy Papers
Author(s):
Jiro Honda
,
Manabu Nose
,
Cesar Sosa Padilla
,
Jose L. Torres
,
Murna Morgan
,
Fernando Im
, and
Natalia Koliadina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
September
2017
ISBN: 9781484309575
Over the past decade, Lesotho and Swaziland have faced significant volatility in their fiscal revenues, owing to highly unstable Southern African Customs Union (SACU) receipts. Based on model analysis, this paper e...
Series: Departmental Papers / Policy Papers
Author(s):
Jiro Honda
,
Manabu Nose
,
Cesar Sosa Padilla
,
Jose L. Torres
,
Murna Morgan
,
Fernando Im
, and
Natalia Koliadina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
12
September
2017
ISBN: 9781484309575
Managing fiscal revenue volatility is a serious policy challenge for many countries. Over the past decade, Lesotho and Swaziland have faced significant revenue volatility, largely owing to highl...
Volume/Issue: 2017/203
Series: IMF Working Papers
Author(s):
Richard Allen
,
Taz Chaponda
,
Lesley Fisher
, and
Rohini Ray
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
September
2017
DOI: http://dx.doi.org/10.5089/9781484314203.001
ISBN: 9781484314203
More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of
budgetary reform, an important element of which was a medium-term budget framework
(MTBF). This working paper focuses on the per...
Volume/Issue: 2017/203
Series: IMF Working Papers
Author(s):
Richard Allen
,
Taz Chaponda
,
Lesley Fisher
, and
Rohini Ray
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
September
2017
ISBN: 9781484314203
More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of
budgetary reform, an important element of which was a medium-term budget framework
(MTBF). This working paper focuses on the per...
Volume/Issue: 2017/202
Series: IMF Working Papers
Author(s):
Francisco Arizala
,
Jesus Gonzalez-Garcia
,
Charalambos Tsangarides
, and
Mustafa Yenice
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
September
2017
ISBN: 9781484314166
This paper examines the growth performance of sub-Saharan African countries since 1960
through the lens of growth turning points (accelerations and decelerations) and periods of
sustained growth (growth spells). Gr...
Volume/Issue: 2017/202
Series: IMF Working Papers
Author(s):
Francisco Arizala
,
Jesus Gonzalez-Garcia
,
Charalambos Tsangarides
, and
Mustafa Yenice
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
September
2017
DOI: http://dx.doi.org/10.5089/9781484314166.001
ISBN: 9781484314166
This paper examines the growth performance of sub-Saharan African countries since 1960
through the lens of growth turning points (accelerations and decelerations) and periods of
sustained growth (growth spells). Gr...
Volume/Issue: 2017/156
Series: IMF Working Papers
Author(s):
Leandro Medina
,
Andrew Jonelis
, and
Mehmet Cangul
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
10
July
2017
DOI: http://dx.doi.org/10.5089/9781484305942.001
ISBN: 9781484305942
The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable....
Volume/Issue: 2017/156
Series: IMF Working Papers
Author(s):
Leandro Medina
,
Andrew Jonelis
, and
Mehmet Cangul
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
10
July
2017
ISBN: 9781484305942
The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable....
Series: Departmental Papers / Policy Papers
Author(s):
Louise Fox
,
Alun Thomas
, and
Cleary Haines
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
April
2017
ISBN: 9781475583397
Structural transformation in output and employment in sub-Saharan Africa has become a major concern of development economists. This is because analysis of past trends suggests that while the output transform...
Series: Departmental Papers / Policy Papers
Author(s):
Louise Fox
,
Alun Thomas
, and
Cleary Haines
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
April
2017
ISBN: 9781475583397
Structural transformation has become a widely used macroeconomic measure of the quality of the economic development process.
1
It is widely accepted that in order for it to happen...
Series: Departmental Papers / Policy Papers
Author(s):
Louise Fox
,
Alun Thomas
, and
Cleary Haines
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
April
2017
ISBN: 9781475583397
This chapter uses the previously developed output and employment projections and analyzes what they mean for medium-term structural transformation in sub-Saharan Africa. The methodology for the projections i...
Series: Departmental Papers / Policy Papers
Author(s):
Louise Fox
,
Alun Thomas
, and
Cleary Haines
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
April
2017
ISBN: 9781475583397
Productivity Transformation
The employment and output data were combined to make assessments of the speed of structural adjustment in sub-Saharan Africa compared with Asian countries...
Volume: 17
Series: Departmental Papers / Policy Papers
Author(s):
Louise Fox
,
Alun Thomas
, and
Cleary Haines
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
April
2017
DOI: http://dx.doi.org/10.5089/9781475583397.087
ISBN: 9781475583397
This paper provides the most complete analysis of the structural transformation among low- and low-middle-income countries in sub-Saharan Africa to date....
Volume: 17
Series: Departmental Papers / Policy Papers
Author(s):
Louise Fox
,
Alun Thomas
, and
Cleary Haines
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
April
2017
ISBN: 9781475583397
This paper provides the most complete analysis of the structural transformation among low- and low-middle-income countries in sub-Saharan Africa to date....
Series: Departmental Papers / Policy Papers
Author(s):
Louise Fox
,
Alun Thomas
, and
Cleary Haines
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
April
2017
ISBN: 9781475583397
This paper provides the most complete analysis of the structural transformation among low- and low-middle-income countries in sub-Saharan Africa to date....
Volume/Issue: 2016/247
Series: IMF Working Papers
Author(s):
Emre Alper
,
Niko Hobdari
, and
Ali Uppal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
22
December
2016
ISBN: 9781475563115
This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two
novel datasets of disaggregated CPI baskets. Average food inflation is higher, more volatile, and
similarly persiste...
Volume/Issue: 2016/247
Series: IMF Working Papers
Author(s):
Emre Alper
,
Niko Hobdari
, and
Ali Uppal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
22
December
2016
DOI: http://dx.doi.org/10.5089/9781475563115.001
ISBN: 9781475563115
This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two
novel datasets of disaggregated CPI baskets. Average food inflation is higher, more volatile, and
similarly persiste...
Volume/Issue: 2016/09
Series: Spillover Notes
Author(s):
Jesus Gonzalez-Garcia
,
Ermal Hitaj
,
Montfort Mlachila
,
Arina Viseth
, and
Mustafa Yenice
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
November
2016
DOI: http://dx.doi.org/10.5089/9781475546668.062
ISBN: 9781475546668
Amid rapid population growth, migration in sub-Saharan Africa has been increasing briskly over the last 20 years. Up to the 1990s, the stock of migrants-citizens of one country living in another country-was dominat...
Volume/Issue: 2016/09
Series: Spillover Notes
Author(s):
Jesus Gonzalez-Garcia
,
Ermal Hitaj
,
Montfort Mlachila
,
Arina Viseth
, and
Mustafa Yenice
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
November
2016
ISBN: 9781475546668
Amid rapid population growth, migration in sub-Saharan Africa has been increasing briskly over the last 20 years. Up to the 1990s, the stock of migrants-citizens of one country living in another country-was dominat...
Series: Departmental Papers / Policy Papers
Author(s):
Tetsuya Konuki
, and
Mauricio Villafuerte
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
August
2016
ISBN: 9781513563541
Sub-Saharan African countries have in general run procyclical fiscal policies since 2000. This is not surprising in light of the fact that the majority of them are low-income and/or resource-dependent econom...
Series: Departmental Papers / Policy Papers
Author(s):
Tetsuya Konuki
, and
Mauricio Villafuerte
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
August
2016
ISBN: 9781513563541
This chapter examines the experience of three countries to establish and implement fiscal frameworks aimed at generating financial savings for rainy days: Nigeria, Botswana, and Chile....
Volume: 16
Series: Departmental Papers / Policy Papers
Author(s):
Tetsuya Konuki
, and
Mauricio Villafuerte
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
August
2016
ISBN: 9781513563541
Excessively procyclical fiscal policy can be harmful. This paper investigates to what extent the fiscal policies of sub-Saharan African countries were procyclical in recent years and the reasons for the degree of f...
Series: Departmental Papers / Policy Papers
Author(s):
Tetsuya Konuki
, and
Mauricio Villafuerte
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
August
2016
ISBN: 9781513563541
Excessively procyclical fiscal policy can be harmful. This paper investigates to what extent the fiscal policies of sub-Saharan African countries were procyclical in recent years and the reasons for the degree of f...
Volume: 16
Series: Departmental Papers / Policy Papers
Author(s):
Tetsuya Konuki
, and
Mauricio Villafuerte
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
August
2016
DOI: http://dx.doi.org/10.5089/9781513563541.087
ISBN: 9781513563541
Excessively procyclical fiscal policy can be harmful. This paper investigates to what extent the fiscal policies of sub-Saharan African countries were procyclical in recent years and the reasons for the degree of f...
Series: Departmental Papers / Policy Papers
Author(s):
Tetsuya Konuki
, and
Mauricio Villafuerte
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
August
2016
ISBN: 9781513563541
The focus of this paper is to analyze the link between the fiscal policy stance and economic activity in sub-Saharan Africa between 2000 and 2014, a period marked by relatively high rates of growth, a substa...
Series: Departmental Papers / Policy Papers
Author(s):
Tetsuya Konuki
, and
Mauricio Villafuerte
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
August
2016
ISBN: 9781513563541
The cyclical behavior of fiscal policy affects sub-Saharan African countries because many of them depend on commodity exports or have been gaining access to international capital markets in recent years, and...
Series: Departmental Papers / Policy Papers
Author(s):
Tetsuya Konuki
, and
Mauricio Villafuerte
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
August
2016
ISBN: 9781513563541
Excessively procyclical fiscal policy can be harmful. This paper investigates to what extent the fiscal policies of sub-Saharan African countries were procyclical in recent years and the reasons for the degr...
Series: Departmental Papers / Policy Papers
Author(s):
Tetsuya Konuki
, and
Mauricio Villafuerte
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
August
2016
ISBN: 9781513563541
The Business Cycle in Sub-Saharan Africa
First, this chapter illustrates the stylized facts of the business cycle dynamics among sub-Saharan African countries in recent years. While...
Series: Departmental Papers / Policy Papers
Author(s):
Tetsuya Konuki
, and
Mauricio Villafuerte
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
24
August
2016
ISBN: 9781513563541
This chapter examines factors that may influence the way fiscal policy has been conducted over the business cycle—that is, the degree of fiscal policy procyclicality—in each of the sample sub-Saharan African...
Volume/Issue: 2016/133
Series: IMF Working Papers
Author(s):
Robert Dippelsman
,
Venkat Josyula
, and
Eric Métreau
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
July
2016
ISBN: 9781475569339
There are two approaches for producing volume estimates of GDP, fixed base year and annual chaining. While most advanced economies have adopted the chain-linked approach in the past twenty years, some African count...
Volume/Issue: 2016/133
Series: IMF Working Papers
Author(s):
Robert Dippelsman
,
Venkat Josyula
, and
Eric Métreau
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
July
2016
DOI: http://dx.doi.org/10.5089/9781475569339.001
ISBN: 9781475569339
There are two approaches for producing volume estimates of GDP, fixed base year and annual chaining. While most advanced economies have adopted the chain-linked approach in the past twenty years, some African count...
Volume/Issue: 2016/118
Series: IMF Working Papers
Author(s):
Christine Dieterich
,
Anni Huang
, and
Alun Thomas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
June
2016
DOI: http://dx.doi.org/10.5089/9781484388518.001
ISBN: 9781484388518
As labor market data is scarce in Sub-Saharan Africa (SSA), this paper uses household survey data to
analyze the determinants of the gender gap in the labor market and its welfare implications for five SSA
countrie...
Volume/Issue: 2016/118
Series: IMF Working Papers
Author(s):
Christine Dieterich
,
Anni Huang
, and
Alun Thomas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
June
2016
ISBN: 9781484388518
As labor market data is scarce in Sub-Saharan Africa (SSA), this paper uses household survey data to
analyze the determinants of the gender gap in the labor market and its welfare implications for five SSA
countrie...
Volume/Issue: 2016/115
Series: IMF Working Papers
Author(s):
Michele Andreolli
, and
Aidar Abdychev
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
09
June
2016
DOI: http://dx.doi.org/10.5089/9781484385739.001
ISBN: 9781484385739
This paper analyses a large public investment in a construction of a hydropower plant in
Lesotho and its implications on the growth and debt sustainability. The paper employs an
open economy dynamic general equilib...
Volume/Issue: 2016/115
Series: IMF Working Papers
Author(s):
Michele Andreolli
, and
Aidar Abdychev
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
09
June
2016
ISBN: 9781484385739
This paper analyses a large public investment in a construction of a hydropower plant in
Lesotho and its implications on the growth and debt sustainability. The paper employs an
open economy dynamic general equilib...
Volume/Issue: 2016/111
Series: IMF Working Papers
Author(s):
Dalia Hakura
,
Mumtaz Hussain
,
Monique Newiak
,
Vimal Thakoor
, and
Fan Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
June
2016
DOI: http://dx.doi.org/10.5089/9781484382349.001
ISBN: 9781484382349
A growing body of empirical evidence suggests that inequality-income or gender related-can
impede economic growth. Using dynamic panel regressions and new time series data, this paper
finds that both income and gen...
Volume/Issue: 2016/111
Series: IMF Working Papers
Author(s):
Dalia Hakura
,
Mumtaz Hussain
,
Monique Newiak
,
Vimal Thakoor
, and
Fan Yang
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
June
2016
ISBN: 9781484382349
A growing body of empirical evidence suggests that inequality-income or gender related-can
impede economic growth. Using dynamic panel regressions and new time series data, this paper
finds that both income and gen...
Volume/Issue: 2016/33
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
03
February
2016
ISBN: 9781513535586
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 fa...
Volume/Issue: 2016/33
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
03
February
2016
DOI: http://dx.doi.org/10.5089/9781513535586.002
ISBN: 9781513535586
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 fa...
Volume/Issue: 2016/33
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
03
February
2016
ISBN: 9781513535586
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 fa...
Volume/Issue: 2016/33
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
03
February
2016
ISBN: 9781513535586
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 fa...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
October
2015
ISBN: 9781513597331
In recent years the sub-Saharan African region has experienced strong real GDP growth and substantial trade integration. However, growth in sub-Saharan Africa’s trade volumes has not kept up with growth in t...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
October
2015
ISBN: 9781513597331
Economic activity in sub-Saharan Africa has weakened markedly. To be sure, growth—at 3¾ percent this year and 4¼ percent in 2016—still remains higher than in many other emerging and developing regions of the...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
October
2015
ISBN: 9781513597331
Dealing with the Gathering Clouds
Growth in Sub-Saharan Africa has weakened markedly, and is now expected at 3¾ percent this year and 4¼ percent in 2016, from 5 perce...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
October
2015
ISBN: 9781513597331
Sub-Saharan Africa has among the highest levels of inequality—both income and gender—in the world, even after accounting for the lower levels of per capita income in the region. With growing international ev...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
October
2015
DOI: http://dx.doi.org/10.5089/9781513597331.086
ISBN: 9781513597331
Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by fall...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
October
2015
ISBN: 9781513597331
Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by fall...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
October
2015
ISBN: 9781513597331
Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by fall...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
27
October
2015
ISBN: 9781513597331
Unless otherwise noted, data and projections presented in this Regional Economic Outlook are IMF staff estimates as of 18 September, 2015, consistent with the projections underlying the October 2015 World Ec...
Volume/Issue: 2014/201
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
July
2014
ISBN: 9781498300438
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. Internat...
Volume/Issue: 2014/201
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
July
2014
DOI: http://dx.doi.org/10.5089/9781498300438.002
ISBN: 9781498300438
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. Internat...
Volume/Issue: 2014/201
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
July
2014
ISBN: 9781498300438
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. Internat...
Volume/Issue: 2014/201
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
July
2014
ISBN: 9781498300438
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. Internat...
Volume/Issue: 2014/201
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
July
2014
ISBN: 9781498300438
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. Internat...
Volume/Issue: 2014/201
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
July
2014
ISBN: 9781498300438
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. Internat...
Volume/Issue: 2013/294
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2013
ISBN: 9781484349830
This paper highlights the Kingdom of Lesotho's Sixth Review Under the Three-Year Arrangement under the Extended Credit Facility. Lesotho has maintained robust economic growth, with moderate inflation. The IMF repor...
Volume/Issue: 2013/294
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2013
DOI: http://dx.doi.org/10.5089/9781484349830.002
ISBN: 9781484349830
This paper highlights the Kingdom of Lesotho's Sixth Review Under the Three-Year Arrangement under the Extended Credit Facility. Lesotho has maintained robust economic growth, with moderate inflation. The IMF repor...
Volume/Issue: 2013/294
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2013
ISBN: 9781484349830
This paper highlights the Kingdom of Lesotho's Sixth Review Under the Three-Year Arrangement under the Extended Credit Facility. Lesotho has maintained robust economic growth, with moderate inflation. The IMF repor...
Volume/Issue: 2013/294
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
September
2013
ISBN: 9781484349830
This paper highlights the Kingdom of Lesotho's Sixth Review Under the Three-Year Arrangement under the Extended Credit Facility. Lesotho has maintained robust economic growth, with moderate inflation. The IMF repor...
Volume/Issue: 2013/127
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
22
May
2013
ISBN: 9781484370544
The Extended Credit Facility (ECF) program extended to Lesotho after a sharp fall in revenues remained broadly on track. Lesotho maintained positive growth supported by expansion of mining and construction. Fiscal...
Volume/Issue: 2013/127
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. African Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
22
May
2013
DOI: http://dx.doi.org/10.5089/9781484370544.002
ISBN: 9781484370544
The Extended Credit Facility (ECF) program extended to Lesotho after a sharp fall in revenues remained broadly on track. Lesotho maintained positive growth supported by expansion of mining and construction. Fiscal...
