Lesotho : ex post assessment of longer-term program engagement / prepared by a staff team from African Dept., Fiscal Affairs Dept., and Policy Development and Review Dept
Published
Washington, D.C. : International Monetary Fund, 2004
Contents -- I. INTRODUCTION -- II. BACKGROUND AND RATIONALE FOR FUND ENGAGEMENT -- III. DEVELOPMENTS UNDER FUND ARRANGEMENTS -- IV. LESSONS LEARNED -- V. POLICY CHALLENGES FOR THE MEDIUM TERM -- VI. FUTURE FUND RELATIONS WITH LESOTHO
Summary
This paper presents Ex Post Assessment of Longer-Term Program Engagement for Lesotho. The paper reviews the experience of the IMF's engagement in Lesotho during the period 1991-2004, and briefly presents economic developments prior to these arrangements. It reviews performance under IMF-supported programs and analyzes the main factors accounting for that performance. The paper draws lessons from these program experiences and considers the main challenges facing Lesotho. The role that the IMF can play in helping the authorities to meet those challenges is also examined
Notes
"Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country."