Namibia: Staff Report for the 2006 Article IV Consultation
January 12, 2007
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This 2006 Article IV Consultation highlights that with generally prudent macroeconomic policies, Namibia has enjoyed robust growth, moderate inflation, and strong external surpluses. Growth is expected to increase to 4½ percent in 2006, after 4¼ percent in 2005, owing in part to a recovery in diamond production. Rising oil prices and interest rates have not yet noticeably affected activity. Public debt is poised to rise again over the medium term in light of an expected decline in custom union (SACU) receipts and an increase in spending to address Namibia’s development needs.
Subject: Expenditure, External debt, Foreign exchange, Poverty, Poverty reduction, Public debt, Real effective exchange rates
Keywords: Africa, authorities' strategy, Caribbean, CR, development needs, fiscal rule target, government, ISCR, Namibian authorities, Poverty reduction, Real effective exchange rates, Southern Africa, surplus, windfall revenue
Pages:
35
Volume:
2007
DOI:
Issue:
012
Series:
Country Report No. 2007/012
Stock No:
1NAMEA2007001
ISBN:
9781451828436
ISSN:
1934-7685
