Namibia: 2008 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, May 5, 2009
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- Namibia: 2008 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: May 5, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451828498.002
Summary finding: growth outlook
- Real GDP growth in Namibia is expected to moderate to about 3 percent in 2008 from 4.1 percent in 2007.
- The moderation reflects a downturn in the mining sector owing to the global economic slowdown.
Executive Directors' assessment
- Executive Directors commended the authorities’ sound macroeconomic management, which had contributed to:
- solid growth
- strong external and fiscal positions
- Directors encouraged the authorities to press ahead with their structural reform agenda to:
- improve the country’s competitiveness
- diversify the economy
- bolster growth prospects
Policy themes and subject coverage
- Subjects: Banking, Expenditure, External debt, Financial services, Fiscal policy, Fiscal stance, Public debt, Real effective exchange rates, Real interest rates
- Keywords: Africa, authorities' target, authority, CR, Fiscal stance, food price inflation, Global, IMF staff estimate, IMF's effort, ISCR, Namibian authorities, policy, price, Real interest rates, Southern Africa