01631cas a2200241 a 4500 AALejournalIMF010836 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451823714 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Lesotho : Recent Economic Developments. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (66 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 reviews economic developments in Lesotho during 1990-94. During the six years (1988/89-1993/94) under the IMF-supported programs, real GDP growth has averaged 6.5 percent, and investment has risen rapidly, owing to activities related to the Lesotho Highlands Water Project and substantial foreign private direct investment. Real gross national product growth averaged only 3.3 percent, owing to a decline in remittances, as a major retrenchment of mine workers in South Africa occurred during this period. The government's budgetary position improved substantially during the six-year period. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1994/002 Full text available on IMF http://elibrary.imf.org/view/journals/002/1994/002/002.1994.issue-002-en.xml IMF e-Library