Lesotho

Long-Forgotten Costa Rican Tradition Helped Me Melt 167Lbs

ᴛɪʀᴇᴅ ᴏꜰ ʙᴇɪɴɢ ᴏᴠᴇʀᴡᴇɪɢʜᴛ

ʜᴏᴡ ᴀ ʟᴏɴɢ-ꜰᴏʀɢᴏᴛᴛᴇɴ ᴄᴏꜱᴛᴀ ʀɪᴄᴀɴ ᴛʀᴀᴅɪᴛɪᴏɴ ʜᴇʟᴘᴇᴅ ᴍᴇ ᴍᴇʟᴛ 167ʟʙꜱ ᴏꜰ ꜱᴛᴜʙʙᴏʀɴ ꜰᴀᴛ ɪɴ ᴜɴᴅᴇʀ 1 ʏᴇᴀʀ ᴡɪᴛʜᴏᴜᴛ ᴅɪᴇᴛ ᴏʀ ᴇxᴇʀᴄɪꜱᴇ!

ᵢ ᵍₒₜ ᶠᵣₒₘ ₂₉₁ ₚₒᵤₙᵈₛ ₐₙᵈ ₘᵢₛₑᵣₐᵦₗₑ, ₐₗʷₐʸₛ ₜᵢᵣₑᵈ ₐₙᵈ ₕₐᵣᵈₗʸ ₘₒᵥᵢₙᵍ...

ₜₒ ₁₂₄, ₛₗᵢₘ ₐₙᵈ ₗₒᵥᵢₙᵍ ₑᵥₑᵣʸ ₛₑᶜₒₙᵈ ₒᶠ ₘʸ ₗᵢᶠₑ!

This paper assesses Lesotho’s Third Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement and Request for Waivers of Performance Criteria. The government has declared a state of famine that is affecting an estimated 900,000 people. One quantitative performance criterion for end-March 2002—the ceiling on the government’s domestic financing requirement—was not observed, almost entirely because of delays in external payments. The authorities have requested, and IMF staff supports, a waiver on this performance criterion.


R-3