Kingdom of Lesotho: Staff Report for the 2005 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 437

Publication date: December 2005

ISBN: 9781451823820

$20.00

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Topics covered in this book

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Banks and Banking , Exports and Imports , Public Finance , Public Policy - Social Services and Welfare , Demography , ISCR , CR , consumer price inflation , exchange rate depreciation , signing of the Millennium Challenge Corporation , staff's assessment , Kingdom of Lesotho authorities , Africa

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Summary

The Kingdom of Lesotho’s 2005 Article IV Consultation reports that the government’s fiscal position and the external current account have improved markedly. The authorities are preparing an action plan, in collaboration with development partners, to improve the business climate. Critical measures aim to increase labor productivity through training, reduce domestic costs for the private sector by addressing infrastructure bottlenecks, remove regulatory and administrative impediments, improve access to financial services, and promote product and export market diversification.