Namibia: Staff Report for the 2011 Article IV Consultation

International Monetary Fund

No 2012/041, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; GDP; financial crisis; debt ratio; deficit; IMF staff estimate; Namibian economy well; global financial crisis; National Planning Commission's website; executive board discussion; debt stock; GDP ratio; Fiscal stance; Global; Africa; Southern Africa (search for similar items in EconPapers)
Pages: 58
Date: 2012-02-10
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