## Namibia: 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion

_IMF Staff Country Reports, September 1, 2010_

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**Canonical URL:** [Namibia: 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion](https://www.imf.org/en/publications/cr/issues/2016/12/31/namibia-2010-article-iv-consultation-staff-report-staff-supplement-public-information-notice-24172)

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## Bibliographic details
- Published: September 1, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455205721.002

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### Economic impact of the 2008 global financial crisis
- Namibia was negatively impacted by the 2008 global financial crisis, reversing years of strong economic performance.
- The crisis led to deterioration in both fiscal and external positions.

### Fiscal stance and authorities' commitments
- Authorities committed to undertake fiscal consolidation with a view to reduce the fiscal deficit to 2.6 percent of GDP by 2014.
- IMF staff emphasized the need for an earlier withdrawal of stimulus measures and ambitious fiscal consolidation.

### IMF staff recommendations and policy analysis
- Staff called for streamlining fiscal rules with the debt-to-GDP ratio to help isolate fiscal policy from volatile Southern Africa Customs Union (SACU) revenues.
- Key policy emphases:
  - Earlier withdrawal of stimulus measures.
  - Ambitious fiscal consolidation to restore fiscal and external positions.
  - Align fiscal rules with debt-to-GDP metrics to mitigate SACU revenue volatility.

### Subject coverage and keywords
- Subjects: Expenditure, Fiscal policy, Fiscal risks, Fiscal stance, National accounts, Public debt, Public financial management (PFM)
- Keywords: CR, debt ratio, Fiscal risks, Fiscal stance, GDP ratio, Global, growth outlook, inflation rate, ISCR, lapse of time procedure, Namibia, rate, SACU revenue

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## Content in this bundle

- **_cr10269 - Executive Summary**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/namibia-2010-article-iv-consultation-staff-report-staff-supplement-public-information-notice-24172_