Namibia: Selected Issues

February 10, 2014

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Namibia: Selected Issues, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This Selected Issues paper analyzes policies that can raise potential growth in small middle-income countries (SMICs) of sub-Saharan Africa (SSA). The findings suggest that although macroeconomic stability and trade openness are necessary for productivity growth, they are not sufficient. SMICs in SSA need to improve the quality of their public spending, most notably on education, to solve the problem of skill mismatch in the labor market, reduce the regulatory burden on firms, improve access to financing by small and medium-size enterprises, and pave the way for structural transformation in these economies. Given the short-term cost of these reforms, the timing and sequencing of reforms and the role of quick wins is important for their implementation. In some cases, a social bargain can be a mechanism to generate consensus around a package of mutually reinforcing reforms.

Subject: Banking, Economic sectors, Financial inclusion, Financial markets, Financial sector policy and analysis, Financial sector stability, Production, Productivity, Small and medium enterprises, Total factor productivity

Keywords: Africa, B. literature review, Bank, Bank distress, Bank Z-score, CR, Default probability, Determinants of total factor productivity, Financial inclusion, Financial sector stability, Global, Government debt, Growth decomposition, ISCR, Productivity, Productivity enhancement, Return on assets, Small and medium enterprises, SMICs of SSA, Solid windowtext 1pt, TFP determinant, TFP growth, Total factor productivity

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/041
Stock No:

1NAMEA2014002
ISBN:

9781475580396
ISSN:

1934-7685

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