Namibia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia

October 1, 2015

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Format: Chicago

Namibia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia, (USA: International Monetary Fund, 2015) accessed December 26, 2024

Summary

This 2015 Article IV Consultation highlights that Namibia’s GDP growth slightly moderated to 4.2 percent in 2014, largely owing to lower global demand for Namibia’s main export commodities. Inflation remained contained, owing to low international commodity prices. The government’s large-scale fiscal program contributed to job creation, and unemployment declined somewhat. Namibia’s growth outlook is clouded with downside risks, while facing significant policy challenges. Its main policy challenges are therefore to strengthen its resilience to exogenous shocks and manage systemic risks in the financial sector, while promoting inclusive growth and job creation.

Subject: Banking, Central banks, Credit, Financial sector policy and analysis, Financial sector stability, Housing prices, International reserves, Money, Prices, Public debt

Keywords: Africa, CR, Credit, Deficit, Expenditure outlook, Financial sector stability, Fiscal consolidation path, Fiscal policy, GDP revision, Global, Growth of the construction sector, Growth outlook, Housing prices, International reserves, ISCR, Namibia's real GDP growth, SACU revenue, Southern Africa

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/276
Stock No:

1NAMEA2015001
ISBN:

9781513556642
ISSN:

1934-7685

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