Namibia: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Namibia
IMF Staff Country Reports, February 28, 2008
Source details
- Canonical URL
- Namibia: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Namibia
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Bibliographic details
- Published: February 28, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451828467.002
Key findings and country assessment
- 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 areas and keywords
- 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