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Kingdom of Lesotho: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Lesotho

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  • International Monetary Fund

Abstract

The COVID-19 pandemic is having a severe impact on Lesotho’s economy. Supply chains for major industries have been disrupted and a national shutdown to contain the virus curtailed economic activity with adverse social impacts. The economy is expected to be further hit by declining external demand for textiles and diamonds, shrinking remittances, and delays to major construction projects. The authorities are taking measures to contain the virus and are implementing plans to mitigate its health and economic consequences. The economic shock, as well as the additional required spending, have generated urgent balance-of-payments (BOP) needs. Lesotho does not have an arrangement with the Fund.

Suggested Citation

  • International Monetary Fund, 2020. "Kingdom of Lesotho: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for," IMF Staff Country Reports 2020/228, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2020/228
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=49620
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    Cited by:

    1. Sheba TEJANI & Sakiko FUKUDA‐PARR, 2021. "Gender and COVID‐19: Workers in global value chains," International Labour Review, International Labour Organization, vol. 160(4), pages 649-667, December.

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