Namibia: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Namibia

International Monetary Fund

No 2009/136, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2008 Article IV Consultation discusses that real GDP growth in Namibia is expected to moderate to about 3 percent in 2008 from 4.1 percent in 2007, reflecting a downturn in the mining sector owing to the global economic slowdown. Executive Directors have commended the authorities’ sound macroeconomic management, which had contributed to solid growth and strong external and fiscal positions. Directors have also encouraged the authorities to press ahead with their structural reform agenda so as to improve the country’s competitiveness, diversify the economy, and bolster growth prospects.

Keywords: ISCR; CR; authority; Namibian authorities; price; food price inflation; policy; IMF staff estimate; authorities' target; IMF's effort; Real interest rates; Fiscal stance; Global; Africa; Southern Africa (search for similar items in EconPapers)
Pages: 53
Date: 2009-05-05
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