{
  "title": "Namibia: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Namibia",
  "publication": "IMF Staff Country Reports, May 5, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/namibia-2008-article-iv-consultation-staff-report-public-information-notice-on-the-executive-22913",
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  "summary": "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.",
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    {
      "heading": "Summary finding: growth outlook",
      "content": "- Real GDP growth in Namibia is expected to moderate to about 3 percent in 2008 from 4.1 percent in 2007.\n- The moderation reflects a downturn in the mining sector owing to the global economic slowdown."
    },
    {
      "heading": "Executive Directors' assessment",
      "content": "- Executive Directors commended the authorities’ sound macroeconomic management, which had contributed to:\n  - solid growth\n  - strong external and fiscal positions\n- Directors encouraged the authorities to press ahead with their structural reform agenda to:\n  - improve the country’s competitiveness\n  - diversify the economy\n  - bolster growth prospects"
    },
    {
      "heading": "Policy themes and subject coverage",
      "content": "- Subjects: Banking, Expenditure, External debt, Financial services, Fiscal policy, Fiscal stance, Public debt, Real effective exchange rates, Real interest rates\n- Keywords: Africa, authorities' target, authority, CR, Fiscal stance, food price inflation, Global, IMF staff estimate, IMF's effort, ISCR, Namibian authorities, policy, price, Real interest rates, Southern Africa\n\n---\n\n Content in this bundle\n\n- cr09136\n  - cr09136 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr09136 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 5, 2009",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451828498.002",
    "Real GDP growth in Namibia is expected to moderate to about 3 percent in 2008 from 4.1 percent in 2007.",
    "The moderation reflects a downturn in the mining sector owing to the global economic slowdown.",
    "Executive Directors commended the authorities’ sound macroeconomic management, which had contributed to:",
    "Directors encouraged the authorities to press ahead with their structural reform agenda to:",
    "Subjects: Banking, Expenditure, External debt, Financial services, Fiscal policy, Fiscal stance, Public debt, Real effective exchange rates, Real interest rates",
    "Keywords: Africa, authorities' target, authority, CR, Fiscal stance, food price inflation, Global, IMF staff estimate, IMF's effort, ISCR, Namibian authorities, policy, price, Real interest rates, Southern Africa",
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