Namibia: 2022 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Namibia
IMF Staff Country Reports, December 14, 2022
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- Namibia: 2022 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Namibia
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Bibliographic details
- Published: December 14, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400225048.002
Recent developments and overview
- Namibia was severely hit by the COVID-19 pandemic but started to gradually recover after a sharp contraction in 2020.
- A modest recovery began in 2021 and strengthened in the first half of 2022.
- The political context is described as stable, with elections scheduled in 2024.
Sectoral performance and external shocks
- Mining activity rebounded in the recovery period.
- Manufacturing and tertiary sector activities gradually started to recover.
- Inflationary pressures increased as higher international oil and food prices due to Russia’s war in Ukraine were passed through.
Fiscal and public finance context
- The pandemic period featured worsening fiscal imbalances and socio-economic disparities.
- Subject tags and keywords indicate focus areas: External position, Fiscal consolidation, Fiscal policy, Public debt, Revenue administration, transparency policy.
- Keywords also reference: authorities project SACU revenue, FAD TA, and a targeted reform agenda.
Policy implications and priorities (as indicated by the report summary and keywords)
- Fiscal consolidation is highlighted as a priority area.
- Strengthening revenue administration is indicated (keyword: Revenue administration).
- Technical assistance from FAD (FAD TA) is noted among keywords, implying capacity support priorities.
- A targeted reform agenda and transparency policy are emphasized in the report metadata.
- Monetary policy and attention to food prices and international price shocks are identified as policy-relevant topics.
Content in this bundle
- 1namea2022001