Table of Contents:
  • Cover
  • CONTENTS
  • MACROFINANCIAL LINKAGES IN LESOTHO
  • A. Some Key Characteristics of the Financial Sector
  • B. Potential Systemic Risks from the Currency Peg
  • C. Credit Risks from Lending to Households
  • D. Mobile Banking and Financial Inclusion
  • E. Conclusions
  • FIGURES
  • 1. Bank Loans by Type of Borrowers
  • 2. Commercial Banks Loan Deposit Ratios and Interest Spreads in Small Middle Income Countries
  • 3. Ratios of Selected Assets to Deposits
  • 4. Gross Reserves Coverage of Transferable and Callable Money Aggregates
  • 5. Gross Reserves and Bank NFA Coverage
  • 6. Civil Servants Debt Service to Income Ratio
  • 7. Development of Mobile Money
  • TABLES
  • 1. Size and Structure of the Financial System
  • 2. Lesotho's Banking Sector Heat Map
  • References