Namibia: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2005/097, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2004 Article IV Consultation highlights that Namibia’s real GDP growth accelerated to an estimated 4¼ percent in 2004, after averaging about 3 percent during the preceding five years. Growth benefited from declining interest rates, as the Bank of Namibia took advantage of declining inflation pressures and reduced its key policy rate in several steps from 12¾ percent in January 2003 to 7½ percent in July 2004. Executive Directors have welcomed the recent rise in GDP growth, decline in inflation, and strengthening of the external current account surplus.

Keywords: ISCR; CR; government; Namibian authorities; EPZ regime; debt ratio; apartheid regime; per-capita growth; IMF staff estimate; HIV and AIDS; Africa; Sub-Saharan Africa; Southern Africa (search for similar items in EconPapers)
Pages: 58
Date: 2005-03-11
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