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

International Monetary Fund

No 2015/276, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; GDP revision; deficit; fiscal policy; Namibia's real GDP growth; SACU revenue; growth outlook; fiscal consolidation path; growth of the construction sector; expenditure outlook; Housing prices; International reserves; Credit; Financial sector stability; Africa; Southern Africa; Global (search for similar items in EconPapers)
Pages: 70
Date: 2015-10-01
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