IMF Staff Country Reports

Namibia: 2019 Article IV Consultation-Press Release and Staff Report

September 13, 2019

Download PDF

Preview Citation

Format: Chicago

Namibia: 2019 Article IV Consultation-Press Release and Staff Report, (USA: International Monetary Fund, 2019) accessed December 25, 2024

Summary

This 2019 Article IV Consultation with Namibia discusses that with the temporary stimuli now ended, the economy is rebalancing while the government is implementing a significant fiscal consolidation. A likely slow recovery, the need for further fiscal adjustment to bring public debt to a sustainable path, persistent inequalities and structural impediments to growth, point to a challenging outlook. Immediate measures are needed to deliver the authorities’ fiscal adjustment plans and bring public debt to a sustainable path. Policies should combine spending reductions and revenue increases that support long-term growth. Better targeting of cash transfers would protect the poor. Structural reforms are urgently needed to strengthen productivity and external competitiveness and boost long-term growth. Reforms should streamline business regulations, contain public sector wage dynamics, and reduce costs of key production inputs. Over time, it is important to remove non-tariff barriers to exports, foster the adoption of new technologies, and address shortages of skilled workers.

Subject: Banking, Fiscal consolidation, Fiscal policy, Fiscal stance, Government debt management, Public debt, Public financial management (PFM), Revenue administration

Keywords: CR, Credit growth, Economy, Fiscal consolidation, Fiscal stance, Global, Government debt management, Growth prospect, Headline inflation, ISCR, Namibia, Private sector indebtedness, Reports balance of payments, Risks statement, Slowing productivity growth, Southern Africa

Publication Details

  • Pages:

    106

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2019/295

  • Stock No:

    1NAMEA2019001

  • ISBN:

    9781513513904

  • ISSN:

    1934-7685

You May Also Be Interested In...

Paraguay: Public Investment Management Assessment – PIMA and Climate PIMA

December 24, 2024

Central Bank Stress Testing—Guidance Note

December 23, 2024

Republic of Kosovo: 2024 Article IV Consultation and Third Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility-Press Release; and Staff Report

December 23, 2024

Paraguay: Fourth Review Under the Policy Coordination Instrument, Request for Modification of Targets, Second Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for Rephasing Access-Press Release; and Staff Report

December 23, 2024