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International Monetary Fund. Statistics Dept.
This paper on government finance statistics (GFS) mission in Lesotho presents a review of progress against recommendations of previous GFS technical assistance (TA) missions and further assist with improving the quality of GFS currently compiled and disseminated. The mission reviewed progress with implementation of previous GFS TA recommendations and updated the public sector institutional table. The mission reviewed the new compilation methods and noted some improvements with the approach. Accounts payable are now recorded under financing, to bridge the timing difference of commitment basis expenditure. The report explains that the legal and institutional environment is conducive to compiling macroeconomic and financial statistics; the relevance and practical utility of existing macroeconomic and financial statistics are monitored; management processes are in place to monitor the quality of macroeconomic and financial statistics; and institutional integrity, transparency, and ethical practices meet statistical standards. There is still a need to correct recording to distinguish expense from acquisition of financial assets.
International Monetary Fund. Fiscal Affairs Dept.

), Finance Department, at the beginning of the mission. It also met with other senior officers of the Finance Department, including: M. A. Siddique, IAS, Principal Secretary to Government (Expenditure); Dr. R. Anandakumar, IAS, Special Secretary to Government; P. Kulkarni, IAS; Special Secretary to Government; H. Krishnanunni, IAS, Deputy Secretary to Government, (Budget); M. Arvind, IAS, DS; S. Arunraj, IAS, DS; S. Girirajkumar, DS (Finance Commission); M. Raja, DS (Infrastructure Cell); C.R. Balaji, Joint Director, and T.V. Permgopal (both Bureau of Public Enterprises

International Monetary Fund

used to monitor PRSP implementation; Drafting of the PRSP document, based on the operational document and reflecting the core priorities to be implemented under each strategic issues; and Editing and formatting of the final version of the PRSP document, incorporating comments from peer reviewers. The Lesotho Poverty Reduction Strategy Paper is almost complete. It is ready for submission to the Committee of Principal Secretaries and to Cabinet for approval. Please see the timeline in Section D. The PRSP is made up of the following documents: An executive

International Monetary Fund
This paper reviews Lesotho’s Poverty Reduction Strategy Paper (PRSP) Status Report. The main activities undertaken between July 2003 and June 2004 included a costing exercise that analyzed all of the proposed activities under each PRSP strategy and compiled indicative cost estimates. An updated assessment of the aggregate resource envelope was done based on the medium-term fiscal strategy 2004/05–2006/07. A prioritization exercise was designed to identify core activities to be included in the PRSP on the basis of their expected contribution to the national development objectives.
International Monetary Fund. African Dept.

(head), A. Habib, A. Massara, and Y. Mu (AFR, assisted by M. Ntema (local economist). Z. Wang (research assistant), H. Alsokhebr, Cecilia Prado de Guzman (HQ administrative assistants), M. Mphatsoe (local administrative assistant) also contributed to this report. Discussions were held via videoconference with Minister of Finance Hon. Sofonea, the Governor of the Central Bank Dr. Matlanyane, Principal Secretary Ms. Tsolo, and other senior government officials. Ms. Nainda (OED) participated in the policy discussions. Contents CONTEXT IMPACT OF THE

International Monetary Fund. External Relations Dept.

state and central levels. He served as Secretary for Banking in the Ministry of Finance, Additional Secretary in the Ministry of Commerce, Joint Secretary in the Ministry of Finance in the government of India, and Principal Secretary in the government of Andhra Pradesh. In academia, Dr. Reddy’s contribution has also been noteworthy. Beyond his publications in the area of finance, he has taught in important universities and research centers. I will skip the rest of his academic background. Let me just say that I had the distinct pleasure of interacting very