Namibia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia
IMF Staff Country Reports, December 8, 2016
Source details
- Canonical URL
- Namibia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia
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Bibliographic details
- Published: December 8, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475559071.002
Key findings and assessment
- Namibia experienced remarkable growth and economic progress since the financial crisis.
- Strong policy frameworks and expansionary domestic policies contributed to:
- macroeconomic stability,
- robust growth,
- rising living standards.
- Deep-rooted structural impediments have kept unemployment high and unresponsive to growth, contributing to persistently high inequality.
Outlook and projections
- The outlook is positive but exposed to considerable vulnerabilities and risks.
- Growth is projected to temporarily weaken to 1.6 percent in 2016 as:
- the construction of large mines ends, and
- the government starts consolidating.
Themes and focus areas covered
- Banking
- Fiscal consolidation
- Fiscal policy
- Income
- Income inequality
- National accounts
- Personal income
- Public debt
- Revenue administration
Keywords and regional focus
- Africa
- CR
- deficit
- Fiscal consolidation
- fiscal policy
- headline inflation
- household indebtedness
- housing price dynamics
- IMF Executive Board
- IMF Policy paper
- Income
- Income inequality
- ISCR
- reports balance of payments
- Southern Africa