Namibia: Selected Issues and Statistical Appendix

February 28, 2008

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Namibia: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2008) accessed December 21, 2024

Summary

The recent uptrend in Namibia’s current account surplus reflects an increase in public and private savings. Tighter domestic investment rules will not reduce capital outflows. The phasing and macroeconomic impact of regulatory changes requires careful scrutiny. Market-based incentives for investment repatriation are attractive. Namibia’s non-renewable natural resource sector is a significant contributor to Namibia’s economy and it is important to continue management of its mineral resources wisely. Faster growth in low-skill job opportunities and more flexible labor market institutions will help tackle unemployment in the short-term.

Subject: Balance of payments, Current account, Environment, Expenditure, Labor, Mining sector, Natural resources, Non-renewable resources, Pension spending

Keywords: Africa, Chapter III, Chapter IV, CR, Current account, Global, ISCR, Mineral sector, Namibia, Natural resource sector, Natural resources, Non-renewable resources, Pension spending, Southern Africa, Surplus, Terms of trade improvement

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/082
Stock No:

1NAMEA2008001
ISBN:

9781451828450
ISSN:

1934-7685

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