This 2014 Article IV Consultation highlights that since 2010, the Lesothoas economy has performed well with the growth of real GDP averaging over 5 percent a year and inflation held to single-digit levels. International reserves have recovered to close to 5 months of import coverage after dipping to 3A½ months of imports in 2012 in the wake of the balance of payments and fiscal crisis. The economic outlook for Lesotho is positive with strong economic growth and low inflation. Economic activity is expected to be supported by large public investment projects, including the second phase of Lesotho Highland Water Project.... system March 2014 Ongoing Balance of payments statistics April 2014 Ongoing Risk-based supervision ... the business climate; private sector development; the review of civil service; and capacity building in project appraisal.
|Title||:||Kingdom of Lesotho: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Kingdom of Lesotho|
|Author||:||International Monetary Fund. African Dept.|
|Publisher||:||International Monetary Fund - 2014-07-11|