Directors welcomed the progress made in restoring peace and stability, but however, noted that Lesotho continues to face significant challenges, stemming mainly from the declining Southern African Customs Union (SACU) revenues and high government expenditures.
An International Monetary Fund (IMF) mission, led by Mr. Joseph Thornton, visited Maseru from August 23 to September 5, 2018 to discuss the authorities’ economic and financial program and possible financial support by the IMF. Lesotho has been experiencing an… Read More ›
Despite faster growth than its regional peers over the last decade, partly driven by capital-intensive mining and infrastructure projects, the IMF says Lesotho is still faced with high levels of unemployment, poverty, and inequality persist. On February 14, 2018, the… Read More ›
An International Monetary Fund (IMF) staff team led by Ms. Christine Dieterich visited Maseru from November 2-15, 2017, to conduct the 2017 Article IV Consultation discussions with the Kingdom of Lesotho and concluded that Lesotho’s new government faces difficult challenges due… Read More ›
Africa is the only continent with high number of stunted children – says His Majesty King Letsie III
The King of the Kingdom of Lesotho, His Majesty King Letsie lll has called on African leaders to invest in nutrition in order to address the chronic hunger and malnutrition challenges across the Continent. King Letsie who is the current… Read More ›