Namibia: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Namibia

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, (USA: International Monetary Fund, 2009) accessed November 22, 2024

Summary

This 2008 Article IV Consultation discusses that real GDP growth in Namibia is expected to moderate to about 3 percent in 2008 from 4.1 percent in 2007, reflecting a downturn in the mining sector owing to the global economic slowdown. Executive Directors have commended the authorities’ sound macroeconomic management, which had contributed to solid growth and strong external and fiscal positions. Directors have also encouraged the authorities to press ahead with their structural reform agenda so as to improve the country’s competitiveness, diversify the economy, and bolster growth prospects.

Subject: 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

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/136
Stock No:

1NAMEA2009002
ISBN:

9781451828498
ISSN:

1934-7685

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