Namibia: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Namibia

February 28, 2008

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Namibia: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Namibia, (USA: International Monetary Fund, 2008) accessed December 27, 2024

Summary

Namibia’s economic position has been reinforced since the last consultation. The government strategy of broadening the economic base and reducing unemployment while preserving a solid fiscal position is commended. Namibia has ensured that interest rate differentials with South Africa do not destabilize official reserves or capital flows within the common monetary area. The banking system is profitable and well capitalized. Efforts are being made to increase employment opportunities in the non-mining economy by making the labor market more flexible and continuing liberalization of the trade regime.

Subject: Banking, Economic sectors, Expenditure, External debt, Labor, Mining sector, Public debt

Keywords: Africa, CR, Global, Government, Government Education Sector Improvement Programme, IMF staff estimate, Inflation pressure, ISCR, Mining sector, Namibia, Namibian authorities, SACU receipt, SACU revenue inflow, Southern Africa, Sub-Saharan Africa, Surplus

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/083
Stock No:

1NAMEA2008002
ISBN:

9781451828467
ISSN:

1934-7685

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