02080cas a2200289 a 4500 AALejournalIMF022955 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400212789 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept.. Kingdom of Lesotho : 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Kingdom of Lesotho. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (94 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 Lesotho has been simultaneously hit by the pandemic, declining transfers from the Southern African Customs Union (SACU), and the impact of the war in Ukraine. The pandemic exacerbated the impact of sluggish regional performance, climate shocks, and longstanding structural issues such as regulation, governance, political stability, financial inclusion, and diversification. Public expenditure has continued to increase, such that the decline in external transfers precipitated significant financing pressures and growing domestic arrears. With limited inflows to the private sector, the resulting public sector-driven external imbalances have continued to put pressure on international reserves needed to maintain the exchange rate peg. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf Lesotho, Kingdom of imf IMF Staff Country Reports; Country Report ; No. 2022/161 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=161 IMF e-Library