Lesotho : Financial Sector Review

Lesotho : Financial Sector Review

This report is a review of the Lesotho's financial system covering: i) the macro-financial environment; ii) safety and soundness of the banking system; iii) non-bank financial institutions; and iv) microfinance and finance for small and medium...

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Bibliographic Details
Main Author:	World Bank
Format:	Policy Note
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTABILITY ACCOUNTING ADVERSE IMPACT ADVERSE IMPACTS AGED AGRICULTURAL PRODUCTION AGRICULTURE CAPACITY BUILDING CAPITAL FORMATION CIVIL SERVICE COMMERCIAL CREDITORS COMMUNITY DEVELOPMENT COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGES COMPETITIVENESS CONSUMER PRICE INDEX CORPORATE INCOME TAX CURRENT PRICES DEBT DECENTRALIZATION DEPOSITS DEVELOPMENT ASSISTANCE DUMPING ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC PERFORMANCE EDUCATION ENVIRONMENTAL ENVIRONMENTAL EDUCATION ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT EXCHANGE RATE EXCHANGE RATES EXERCISES EXPENDITURES EXPORT GROWTH EXPORTS FINANCIAL ACCOUNTABILITY FINANCIAL MANAGEMENT FINANCIAL SERVICES FISCAL BALANCE FISCAL DISCIPLINE FISCAL POLICIES FISCAL SURPLUS FORESTRY GDP GNP GOVERNMENT DEBT GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROSS NATIONAL SAVINGS GROWTH POTENTIAL GROWTH RATE HEALTH HEALTH CARE HIGH UNEMPLOYMENT HUMAN DEVELOPMENT IMMUNODEFICIENCY IMPORTS INCOME INFLATION INTEREST RATES LABOR FORCE LAND DEGRADATION LAND MANAGEMENT LEGISLATION LOCAL GOVERNMENTS MACROECONOMIC STABILITY MIGRANTS MINES MONETARY POLICY MORTALITY NATIONAL INCOME NATURAL ENDOWMENTS NATURAL RESOURCE BASE NATURAL RESOURCES NUTRITION OIL POLITICAL ECONOMY POLLUTION POPULATION DENSITIES POSITIVE EFFECTS POVERTY LINE PRESENT VALUE PRIVATE SECTOR PRODUCERS PRODUCTIVITY PROPERTY RIGHTS PUBLIC PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES REAL GDP REGULATORY FRAMEWORK SAVINGS SOCIAL WELFARE STRUCTURAL CHANGE SUSTAINABLE DEVELOPMENT TAX RATES TECHNICAL ASSISTANCE TRADE LIBERALIZATION TRANSPORT TREASURY TREASURY BILLS UNEMPLOYMENT
Online Access:	http://documents.worldbank.org/curated/en/2004/04/7141672/lesotho-financial-sector-review http://hdl.handle.net/10986/14537

Description
Summary:	This report is a review of the Lesotho's financial system covering: i) the macro-financial environment; ii) safety and soundness of the banking system; iii) non-bank financial institutions; and iv) microfinance and finance for small and medium enterprises. The report was based on data and other information collected during the March 2003 mission. The report is presented in four chapters: chapter one: macro-financial environment and structure of the financial system; chapter two: addresses key issues facing the banking institutions; chapter three: addresses the non-bank financial institutions; and chapter four: addresses the finance for micro, small and medium enterprises. A statistical annex contains relevant data for all the chapters. Overall, the review had three major objectives: a) to assess the safety and soundness of selected sectors in the financial system; b) to evaluate major constraints facing the financial system and its ability to support private sector development; and c) to formulate actions and policies to address these constraints.