01925cas a2200241 a 4500 AALejournalIMF021141 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513551845 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Kingdom of Lesotho : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Lesotho. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (47 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 COVID-19 pandemic is having a severe impact on Lesotho's economy. Supply chains for major industries have been disrupted and a national shutdown to contain the virus curtailed economic activity with adverse social impacts. The economy is expected to be further hit by declining external demand for textiles and diamonds, shrinking remittances, and delays to major construction projects. The authorities are taking measures to contain the virus and are implementing plans to mitigate its health and economic consequences. The economic shock, as well as the additional required spending, have generated urgent balance-of-payments (BOP) needs. Lesotho does not have an arrangement with the Fund. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/228 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/228/002.2020.issue-228-en.xml IMF e-Library