Lesotho : Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria.

This paper assesses Lesotho's Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria. Lesotho's economic program was broadly on track through December 2002, but large fiscal slippages emerged by end-March 2003. IMF staff wel...

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التفاصيل البيبلوغرافية
مؤلف مشترك: International Monetary Fund
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2003.
سلاسل:IMF Staff Country Reports; Country Report ; No. 2003/169
الوصول للمادة أونلاين:Full text available on IMF
الوصف
الملخص:This paper assesses Lesotho's Fourth Review Under the Poverty Reduction and Growth Facility Arrangement and Request for Waiver of Performance Criteria. Lesotho's economic program was broadly on track through December 2002, but large fiscal slippages emerged by end-March 2003. IMF staff welcomes the government's strong commitment to its economic program and recommends completion of the fourth review. It supports a waiver for the nonobserved quantitative performance criterion because of the actions taken by the government to reduce nonessential spending in 2002/03 and because of its commitment to implement sustainable fiscal policies in the medium term.
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وصف مادي:1 online resource (62 pages)
التنسيق:Mode of access: Internet
تدمد:1934-7685
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