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.

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 raising Lesotho's growth potential. Executive Directors commend the measures...

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Співавтор: International Monetary Fund
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2010.
Серія:IMF Staff Country Reports; Country Report ; No. 2010/225
Онлайн доступ:Full text available on IMF
Опис
Резюме: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 raising Lesotho's growth potential. Executive Directors commend the measures taken in the budget to reduce expenditure. Further strengthening of debt management and accelerating structural reforms is crucial for raising Lesotho's growth potential. Strengthening the institutional and regulatory framework for banks and non-bank financial institutions (NBFIs) will help to support financial sector health and stability.
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Фізичний опис:1 online resource (87 pages)
Формат:Mode of access: Internet
ISSN:1934-7685
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