Kingdom of Lesotho: Selected Issues and Statistical Appendix

International Monetary Fund

No 2008/135, IMF Staff Country Reports from International Monetary Fund

Abstract: The challenge of achieving broad-based growth in Lesotho is discussed. Economic growth is inconsistent. Lesotho is highly dependent on trade with South Africa. The sources of growth in Lesotho using a social accounting matrix model and a growth-accounting framework are outlined. The main constraints to growth and private investment and current policy initiative to promote broad-based growth and private investment are analyzed. The various methods employed suggest that there is neither external stability nor significant evidence of exchange rate misalignment.

Keywords: ISCR; CR; Lesotho; exchange rate; textile export; doing business indicator; competitiveness rank Lesotho; textile sector; firms in Lesotho; Real exchange rates; Exchange rates; Real effective exchange rates; Purchasing power parity; Income; Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 68
Date: 2008-04-21
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