01731cas a2200241 a 4500 AALejournalIMF001503 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451823677 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Lesotho : Lesotho-Staff Report for the 2000 Article IV Consultation and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (75 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2001/079 Full text available on IMF http://elibrary.imf.org/view/journals/002/2001/079/002.2001.issue-079-en.xml IMF e-Library