01848cas a2200241 a 4500 AALejournalIMF007131 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455231072 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Kingdom of Lesotho : First Review Under the Three-Year Extended Credit Facility Arrangement and Requests for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria-Staff Report and Press Release. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (54 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 authorities reiterated their firm commitment to the policies and objectives outlined in the May 17, 2010 Memorandum of Economic and Financial Policies. They are committed to a reduction in other primary spending by 2 percentage points of GDP. With the medium-term outlook broadly unchanged, the policy discussions focused on the FY2011-12 budget and the authorities' structural reform agenda. Revenues are projected to fall in 2011-12, reflecting the disappearance of exceptional receipts in 2010-11. On the spending side, the authorities are facing a number of additional commitments-some of which are of a temporary nature. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2011/088 Full text available on IMF http://elibrary.imf.org/view/journals/002/2011/088/002.2011.issue-088-en.xml IMF e-Library