Namibia: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, April 28, 2006
Source details
- Canonical URL
- Namibia: Staff Report for the 2005 Article IV Consultation
Other formats
Bibliographic details
- Published: April 28, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451828412.002
Key findings
- Namibia recorded robust real GDP growth over the last two years.
- Falling inflation was observed during the period.
- The country maintained a strong external current account surplus.
- External indebtedness remained continued low.
Economic performance 2004–2005
- Real GDP grew by 6 percent in 2004.
- Growth in 2004 was driven by a surge in diamond production prompted by new marine technologies and solid activity in most other sectors, aided by a decline in interest rates.
- Growth slowed in 2005 as diamond production fell relative to the high production base of the previous year and growth rates in other sectors moderated somewhat.
Thematic coverage (subjects highlighted in the report)
- Banking
- Expenditure
- External debt
- Fiscal policy
- Government debt management
- Public debt
- Public financial management (PFM)
Source: Namibia: Staff Report for the 2005 Article IV Consultation