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Kingdom Of Lesotho Selected Issues
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Book Synopsis Kingdom of Lesotho: Selected Issues by : International Monetary
Download or read book Kingdom of Lesotho: Selected Issues written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-07 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kingdom of Lesotho: Selected Issues
Book Synopsis Kingdom of Lesotho by : International Monetary Fund. African Dept.
Download or read book Kingdom of Lesotho written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-03-05 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper provides further background on the macrofinancial sector analysis that informed Lesotho’s 2017 Article IV consultation. Lesotho’s financial sector is small, concentrated, and lacks financial inclusion, although mobile banking services and financial cooperatives offer some encouraging potential. Lesotho’s most important vulnerabilities are exposure to developments in South Africa and dependence on revenues from the Southern African Customs Union (SACU). Shocks to SACU revenues can become a source of systemic risk by affecting the fiscal position and the balance of payments. The financial system will be affected by both channels, with substantial implications if the shock is permanent. This paper focuses on two potential consequences of a severe SACU revenue shock for the financial system: A decline in reserves that may threaten the sustainability of the hard currency peg with the South African rand, and the impact of a forced fiscal consolidation on household income and the quality of credit to households, affecting both bank and nonbank lenders. It turns out that financial shallowness and lack of inclusion may be a defining feature of the formal banking system; thereby raising questions about potential trade-offs between inclusiveness and financial stability.
Author :International Monetary Fund Publisher :INTERNATIONAL MONETARY FUND ISBN 13 :9781451823837 Total Pages :75 pages Book Rating :4.8/5 (238 download)
Book Synopsis Kingdom of Lesotho: Selected Issues and Statistical Appendix by : International Monetary Fund
Download or read book Kingdom of Lesotho: Selected Issues and Statistical Appendix written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-12-28 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on the Kingdom of Lesotho reviews the broad objectives and key institutional features of the Common Monetary Area (CMA) relating to currency arrangements. The CMA Agreement provides for the three small member countries to have access to South African capital and money markets, but only through prescribed investments or approved securities that can be held by financial institutions in South Africa. Lesotho's exchange rate arrangement under the CMA shares certain characteristics of a currency board.
Book Synopsis Addressing Fiscal Pressures by : Mr. Yibin Mu
Download or read book Addressing Fiscal Pressures written by Mr. Yibin Mu and published by International Monetary Fund. This book was released on 2022-12-06 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lesotho’s fiscal situation is challenging. This paper assesses the pressure points of main components of revenues, current spending, and capital spending, and then proposes a growth-friendly consolidation plan while protecting the vulnerable.
Book Synopsis Kingdom of Lesotho by : International Monetary Fund. African Dept.
Download or read book Kingdom of Lesotho written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2023-07-20 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kingdom of Lesotho: Selected Issues
Book Synopsis Kingdom of Lesotho by : International Monetary Fund. African Dept.
Download or read book Kingdom of Lesotho written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-03-05 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper provides further background on the macrofinancial sector analysis that informed Lesotho’s 2017 Article IV consultation. Lesotho’s financial sector is small, concentrated, and lacks financial inclusion, although mobile banking services and financial cooperatives offer some encouraging potential. Lesotho’s most important vulnerabilities are exposure to developments in South Africa and dependence on revenues from the Southern African Customs Union (SACU). Shocks to SACU revenues can become a source of systemic risk by affecting the fiscal position and the balance of payments. The financial system will be affected by both channels, with substantial implications if the shock is permanent. This paper focuses on two potential consequences of a severe SACU revenue shock for the financial system: A decline in reserves that may threaten the sustainability of the hard currency peg with the South African rand, and the impact of a forced fiscal consolidation on household income and the quality of credit to households, affecting both bank and nonbank lenders. It turns out that financial shallowness and lack of inclusion may be a defining feature of the formal banking system; thereby raising questions about potential trade-offs between inclusiveness and financial stability.
Book Synopsis Policy Coordination in Lesotho by : Mr. Yibin Mu
Download or read book Policy Coordination in Lesotho written by Mr. Yibin Mu and published by International Monetary Fund. This book was released on 2022-12-06 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a country such as Lesotho with high capital mobility and leakages abroad, the relationship between both fiscal, monetary, and exchange rate policy is intertwined, such that public spending and reserves are strongly linked. The paper offers an overview of the economic institutions and arrangements in Lesotho, discusses a short primer on macroeconomic policies under a fixed exchange rate, stresses a vital role for macro policy coordination in Lesotho, and proposes a macro policy framework. While the paper is developed in context of Lesotho, the analysis should also be applicable to small open economies under the fixed exchange rate arrangement.
Author :Encyclopaedia Britannica, Inc. Publisher :Encyclopaedia Britannica, Inc. ISBN 13 :1615355006 Total Pages :880 pages Book Rating :4.6/5 (153 download)
Book Synopsis Britannica Book of the Year 2011 by : Encyclopaedia Britannica, Inc.
Download or read book Britannica Book of the Year 2011 written by Encyclopaedia Britannica, Inc. and published by Encyclopaedia Britannica, Inc.. This book was released on 2011-03-01 with total page 880 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Britannica Book fo the Year 2011 provides a valuable viewpoint on the people and events that shaped the year. In addition to keeping the Encyclopaedia Britannica updated, it serves as a great reference source for the latest news on the ever-changing populations, governments, and economies throughout the world.
Author :Encyclopaedia Britannica, Inc. Publisher :Encyclopaedia Britannica, Inc. ISBN 13 :1625131038 Total Pages :882 pages Book Rating :4.6/5 (251 download)
Book Synopsis Britannica Book of the Year 2013 by : Encyclopaedia Britannica, Inc.
Download or read book Britannica Book of the Year 2013 written by Encyclopaedia Britannica, Inc. and published by Encyclopaedia Britannica, Inc.. This book was released on 2013-03-01 with total page 882 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Britannica Book of the Year 2013 provides a valuable viewpoint of the people and events that shaped the year and serves as a great reference source for the latest news on the ever changing populations, governments, and economies throughout the world. It is an accurate and comprehensive reference that you will reach for again and again.
Author :Encyclopaedia Britannica, Inc. Publisher :Encyclopedia Britannica, Inc. ISBN 13 :1625131712 Total Pages :882 pages Book Rating :4.6/5 (251 download)
Book Synopsis Britannica Book of the Year 2014 by : Encyclopaedia Britannica, Inc.
Download or read book Britannica Book of the Year 2014 written by Encyclopaedia Britannica, Inc. and published by Encyclopedia Britannica, Inc.. This book was released on 2014-03-01 with total page 882 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Britannica Book of the Year 2014 provides a valuable viewpoint of the people and events that shaped the year and serves as a great reference source for the latest news on the ever changing populations, governments, and economies throughout the world. It is an accurate and comprehensive reference that you will reach for again and again.
Author :Encyclopaedia Britannica, Inc. Publisher :Encyclopaedia Britannica, Inc. ISBN 13 :1615356185 Total Pages :882 pages Book Rating :4.6/5 (153 download)
Book Synopsis Britannica Book of the Year 2012 by : Encyclopaedia Britannica, Inc.
Download or read book Britannica Book of the Year 2012 written by Encyclopaedia Britannica, Inc. and published by Encyclopaedia Britannica, Inc.. This book was released on 2012-03-01 with total page 882 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Britannica Book of the Year 2012 provides a valuable viewpoint of the people and events that shaped the year and serves as a great reference source for the latest news on the ever changing populations, governments, and economies throughout the world. It is an accurate and comprehensive reference that you will reach for again and again.
Book Synopsis Evaluating Fiscal Rules for Lesotho by : Mr. Yibin Mu
Download or read book Evaluating Fiscal Rules for Lesotho written by Mr. Yibin Mu and published by International Monetary Fund. This book was released on 2022-12-06 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: A key challenge for Lesotho is the downward rigidity in public expenditure—which increases when SACU transfers are buoyant but fails to be pared back when they fall. Fiscal rules would be of value in Lesotho to help provide constraints on spending and resist political pressure to overspend, while embedding fiscal responsibility within the country’s macro-fiscal framework and ensuring debt sustainability. This paper evaluates options for fiscal rules for Lesotho, discusses the institutional framework required to help underpin a sound fiscal-rule framework, posits a possible fiscal-rule framework for Lesotho, and offers a roadmap to introduce the framework.
Book Synopsis Exchange Rate Assessment for Sub-Saharan Economies by : Burcu Aydin
Download or read book Exchange Rate Assessment for Sub-Saharan Economies written by Burcu Aydin and published by International Monetary Fund. This book was released on 2010-07-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an exchange rate assessment for sub-Saharan African economies by using methodologies similar to those developed by the International Monetary Fund’s Consultative Group on Exchange Rate Issues. As in the World Economic Outlook (IMF, 2009a), the unbalanced panel dataset covers 182 countries from 1973 to 2014. We apply four methodologies to assess the fundamental exchange rate: macroeconomic balance, equilibrium real exchange rate, external sustainability, and purchasing power parity. Results show that the impact of macroeconomic fundamentals on the equilibrium real exchange rate is different for sub-Saharan African economies than for advanced and less advanced economies.
Book Synopsis Kingdom of Lesotho by : International Monetary Fund
Download or read book Kingdom of Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-12-28 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author :International Monetary Fund Publisher :International Monetary Fund ISBN 13 :1451978049 Total Pages :257 pages Book Rating :4.4/5 (519 download)
Book Synopsis Kingdom of Lesotho by : International Monetary Fund
Download or read book Kingdom of Lesotho written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-04-27 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Poverty Reduction Strategy Paper for the Kingdom of Lesotho presents a determined plan in pursuance of high and sustainable equity-based economic growth. It contains medium-term objectives and strategies to address the major challenges facing the country. These challenges include employment creation and income generation, and improving quality of and access to education and health services. Lesotho plans to deal boldly with its trading and investment partners by exploiting the opportunities inherent in the process of globalization under such mechanisms as the Africa Growth and Opportunities Act.
Author :Encyclopaedia Britannica, Inc. Publisher :Encyclopaedia Britannica, Inc. ISBN 13 :1615353666 Total Pages :880 pages Book Rating :4.6/5 (153 download)
Book Synopsis Britannica Book of the Year 2010 by : Encyclopaedia Britannica, Inc.
Download or read book Britannica Book of the Year 2010 written by Encyclopaedia Britannica, Inc. and published by Encyclopaedia Britannica, Inc.. This book was released on 2010-03-01 with total page 880 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Britannica Book of the Year 2010 provides a valuable veiwpoint of the people and events that shaped the year and serves as a great reference source for the latest news on the ever changing populations, governments, and economies throughout the world. It is an accurate and comprehensive reference that you will reach for again and again.
Author :Encyclopaedia Britannica, Inc. Publisher :Encyclopaedia Britannica, Inc. ISBN 13 :1593394942 Total Pages :880 pages Book Rating :4.5/5 (933 download)
Book Synopsis Britannica Book of the Year 2008 by : Encyclopaedia Britannica, Inc.
Download or read book Britannica Book of the Year 2008 written by Encyclopaedia Britannica, Inc. and published by Encyclopaedia Britannica, Inc.. This book was released on 2008-05-01 with total page 880 pages. Available in PDF, EPUB and Kindle. Book excerpt: This yearbook presents information on the dates, people, events, and world affairs of 2007. The section entitled "Britannica World Data," updated annually, presents geographic, demographic, and economic details.
