Namibia: Staff Report for the 2011 Article IV Consultation.

February 10, 2012

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Namibia: Staff Report for the 2011 Article IV Consultation., (USA: International Monetary Fund, 2012) accessed December 23, 2024

Summary

Namibia’s government has launched a major three-year fiscal initiative in 2011 aimed at increasing growth and employment. Public debt is rising rapidly, from a low base. The authorities intend to unwind the fiscal expansion in 2014. Fiscal consolidation would help keep public debt to a manageable level, support the economy’s external position, and provide room to maneuver if further shocks arise, including a potential fall in revenues from the Southern African Customs Union. The authorities reaffirmed their intention to support the exchange rate peg against the South African rand.

Subject: Expenditure, External debt, Fiscal policy, Fiscal stance, National accounts, Public debt, Real interest rates

Keywords: Africa, CR, Debt ratio, Debt stock, Deficit, Executive board discussion, Financial crisis, Fiscal stance, GDP, GDP ratio, Global, Global financial crisis, IMF staff estimate, ISCR, Namibian economy well, National Planning Commission's website, Southern Africa

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/041
Stock No:

1NAMEA2012001
ISBN:

9781463939755
ISSN:

1934-7685

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