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Kingdom of Lesotho : 2019 Article IV Consultation
Press Release; Staff Report; and Statement by the Executive Director for Kingdom of Lesotho

Series:Country Report No. 19/113
ISBN 9781498312370
Code: #1LSOEA2019001

Publication year: 2019

Cdn: $25.00; US: $18.00
Paperback
Language: English
75 pages
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A four-party coalition government took office in June 2017 and, with support from a regional peacekeeping force, has brought peace and stability. However, with SACU revenues below historical averages and government expenditures remaining high, the fiscal situation has deteriorated, leading to the emergence of government payment arrears. While international reserves are at adequate levels and banks remain well-capitalized, domestic arrears are beginning to impact the broader economy, exacerbating growth challenges posed by structural impediments. Unemployment, particularly among the young, is a major concern.
Kingdom of Lesotho : 2019 Article IV Consultation
Cdn: $25.00; US: $18.00
International Monetary Fund (IMF) BookID: 124867 Added: 2019.5.3