Lesotho
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…
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