Namibia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia

December 8, 2016

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Format: Chicago

Namibia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This 2016 Article IV Consultation highlights that Namibia has experienced remarkable growth and economic progress since the financial crisis. Strong policy frameworks and expansionary domestic policies have contributed to macroeconomic stability, robust growth, and rising living standards. Yet deep-rooted structural impediments have kept unemployment high and unresponsive to growth, contributing to persistently high inequality. The outlook remains positive with considerable vulnerabilities and risks. Growth is projected to temporarily weaken to 1.6 percent in 2016 as the construction of large mines ends and the government starts consolidating.

Subject: Banking, Fiscal consolidation, Fiscal policy, Income, Income inequality, National accounts, Personal income, Public debt, Revenue administration

Keywords: Africa, CR, Deficit, Fiscal consolidation, Fiscal policy, Headline inflation, Household indebtedness, Housing price dynamics, IMF Executive Board, IMF Policy paper, Income, Income inequality, ISCR, Reports balance of payments, Southern Africa

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/373
Stock No:

1NAMEA2016001
ISBN:

9781475559071
ISSN:

1934-7685

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