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
ISBN: 1498357776
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This 2014 Article IV Consultation highlights that since 2010, the Lesotho’s 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 3½ 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.

Kingdom Of Lesotho

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"Lesotho achieved strong economic growth in recent years, with only moderate inflation. International reserves have largely been rebuilt, thanks to a sustained period of fiscal restraint and recovery in revenues from the Southern African Customs Union (SACU). However, unemployment remains high and poverty is widespread, especially in rural areas. Since 2012, Lesotho has been led by a coalition government with a slim majority. Outlook and risks: Growth is expected to be robust over the medium term - led by mining, construction, and services - but there are risks, mainly arising from Lesotho's heavy dependence on volatile SACU revenues. A loosening of the fiscal stance in the recently approved budget for 2014/15 threatens to erode official international reserves. The budget also indicates that recurrent expenditures - most notably the government wage bill - will remain elevated over the medium term. Policy mix: Staff recommends a more moderate easing in the fiscal stance than the budget's and curbing recurrent expenditures to allow greater investment for inclusive growth. Preserving international reserves - to ensure a secure exchange rate peg - and debt sustainability are critical for macroeconomic stability. Over time a rules-based fiscal framework could strengthen stability. Financial sector: Overall, indicators point to a sound banking system. Implementing the Financial Sector Development Strategy would improve access to financial services and support private sector development. Structural agenda: An ambitious reform effort, particularly in the fiscal area, is needed to achieve a more efficient public sector and enable private sector-led growth"--Abstract.

Kingdom Of Lesotho

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1475511647
Size: 57.66 MB
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This staff report examines the Kingdom of Lesotho’s 2012 Article IV Consultation and second and third reviews under the three-year arrangement under the Extended Credit Facility. Real GDP growth for 2010/11 is estimated at 5¾ percent, and inflation rose gradually in 2011, driven by international commodity prices. Despite the sharp drop in Southern African Customs Union (SACU) revenues, fiscal performance in 2010/11 has been much better than programmed, reflecting higher domestic revenue collections and cuts in recurrent spending.

Breaking The Oil Spell

Author: Reda Cherif
Publisher: International Monetary Fund
ISBN: 1484317785
Size: 28.73 MB
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The “Gulf Falcons”—the countries of the Gulf Cooperation Council—have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the urgency for the Gulf Falcons to diversify away from their current heavy reliance on oil exports. This book discusses attempts at diversification in the Middle East and North Africa and the complex choices policymakers face. It brings together the views of academics and policymakers to offer practical advice for future efforts to increase productivity growth.

Medical Eligibility Criteria For Contraceptive Use

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Publisher: World Health Organization
ISBN: 9241563885
Size: 73.18 MB
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Medical Eligibility Criteria for Contraceptive Use reviews the medical eligibility criteria for use of contraception, offering guidance on the safety and use of different methods for women and men with specific characteristics or known medical conditions. The recommendations are based on systematic reviews of available clinical and epidemiological research. It is a companion guideline to Selected Practice Recommendations for Contraceptive Use. Together, these documents are intended to be used by policy-makers, program managers, and the scientific community to support national programs in the preparation of service delivery guidelines. The fourth edition of this useful resource supersedes previous editions, and has been fully updated and expanded. It includes over 86 new recommendations and 165 updates to recommendations in the previous edition. Guidance for populations with special needs is now provided, and a new annex details evidence on drug interactions from concomitant use of antiretroviral therapies and hormonal contraceptives. To assist users familiar with the third edition, new and updated recommendations are highlighted. Everyone involved in providing family planning services and contraception should have the fourth edition of Medical Eligibility Criteria for Contraceptive Use at hand.

A Manual For Country Economists

Author: Marcello Caiola
Publisher: International Monetary Fund
ISBN:
Size: 74.43 MB
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This guide is addressed mainly to new staff members in the area and functional departments of the International Monetary Fund (IMF). It covers certain problems that are frequently encountered in the course of a desk economist's work, especially in regard to data interpretation and deficiencies.

From Poverty To Power

Author: Duncan Green
Publisher: Oxfam
ISBN: 0855985933
Size: 72.14 MB
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Offers a look at the causes and effects of poverty and inequality, as well as the possible solutions. This title features research, human stories, statistics, and compelling arguments. It discusses about the world we live in and how we can make it a better place.

Yes Africa Can

Author: Punam Chuhan-Pole
Publisher: World Bank Publications
ISBN: 0821387456
Size: 68.77 MB
Format: PDF
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Takes an in-depth look at twenty-six economic and social development successes in Sub-Saharan African countries, and addresses how these countries have overcome major developmental challenges.

Financial Integration In Latin America

Author: Mr.Charles Enoch
Publisher: International Monetary Fund
ISBN: 1475577141
Size: 53.27 MB
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With growth slowing across much of the Latin America as a result of the end of the commodity supercycle and economic rebalancing in China, as well as fragmentation of the international banking system, policies to stimulate growth are needed. This book examines the financial landscapes of seven Latin American economies—Brazil, Chile, Colombia, Mexico, Panama, Peru, and Uruguay—and makes a case for them to pursue regional financial integration. Chapters set out the benefits to the region of financial integration, the barriers to cross-border activity in banks, insurance companies, pension funds, and capital markets, as well as recommendations to address these barriers. Finally, the volume makes the case that regional integration now could be a step toward global integration in the short term.

Exchange Rate Assessments

Author: Jaewoo Lee
Publisher: IMF's Occasional Paper
ISBN:
Size: 46.22 MB
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As part of this mandate, since the mid-1990s the IMF Consultative Group on Exchange Rate Issues (CGER) has provided exchange rate assessments for a number of advanced economies from a multilateral perspective, with the aim of informing the country-specific analysis of the IMF's Article IV staff reports and fostering multilateral consistency. These assessments are additional tools at the disposal of the IMF staff country desks, which are responsible for formulating exchange rate assessments as part of the Fund's bilateral surveillance, another of the IMF's core responsibilities.