01779cas a2200241 a 4500 AALejournalIMF002514 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451823691 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Lesotho : Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (62 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 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 December 2002, but large fiscal slippages emerged by end-March 2003. IMF staff welcomes the government's strong commitment to its economic program and recommends completion of the fourth review. It supports a waiver for the nonobserved quantitative performance criterion because of the actions taken by the government to reduce nonessential spending in 2002/03 and because of its commitment to implement sustainable fiscal policies in the medium term. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2003/169 Full text available on IMF http://elibrary.imf.org/view/journals/002/2003/169/002.2003.issue-169-en.xml IMF e-Library