Friday 15 February 2019
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allafrica - 9 days ago

Lesotho: Economic Growth Recovers But Possible Drought Brings Risks - IMF

[IMF] Growth is recovering following last year s slowdown, although the economic situation remains challenging, and the erosion of fiscal buffers highlights the need for adjustment. Government spending -- including on the large public-sector wage bill -- needs to be contained to address financing difficulties, while ensuring that the most vulnerable are protected. Reforms should empower the private sector, rather than the government, to act as the engine of growth and job creation.

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