Lesothoas economic growth has weakened compared with the earlier forecast, owing to adverse exogenous shocks. In 2011/12, despite weather-related shocks (floods), robust growth was maintained. To address these shocks, the authorities have sought external assistance. Lesotho continued to face the challenges in rebuilding its international reserve cushion. The authorities continued commitment to implement reforms in improving the business climate to support private sector-led growth and economic diversification. The authorities have also requested a waiver for the missed cumulative quantitative performance.The stock of NIR at the end of each quarter is defined in US. dollars and will be calculated using the program exchange rates.1 8. ... assets and reserve liabilities of the Central Bank of Lesotho converted into US. dollars and maloti at the program exchange rates. ... dollar: 7.3; US. dollars per pound sterling: 1.5; US. dollars per euro: 1.3; Swiss francs per US. dollar: 1.1; Swedish kronor per US. dollar: 7.3;anbsp;...
|Title||:||Kingdom of Lesotho|
|Author||:||International Monetary Fund. African Dept.|
|Publisher||:||International Monetary Fund - 2012-12-04|