{
  "title": "Namibia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia",
  "publication": "IMF Staff Country Reports, October 1, 2015",
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  "summary": "This 2015 Article IV Consultation highlights that Namibia’s GDP growth slightly moderated to 4.2 percent in 2014, largely owing to lower global demand for Namibia’s main export commodities. Inflation remained contained, owing to low international commodity prices.",
  "sections": [
    {
      "heading": "Economic performance and growth",
      "content": "- Real GDP growth slightly moderated to 4.2 percent in 2014.\n- Moderation in growth was largely owing to lower global demand for Namibia’s main export commodities.\n- Growth of the construction sector and Namibia's real GDP growth are identified as relevant themes."
    },
    {
      "heading": "Inflation and external conditions",
      "content": "- Inflation remained contained, owing to low international commodity prices.\n- International reserves and external sector dynamics are highlighted as policy-relevant considerations."
    },
    {
      "heading": "Fiscal policy, employment, and social outcomes",
      "content": "- The government’s large-scale fiscal program contributed to job creation.\n- Unemployment declined somewhat as a result of the fiscal program.\n- Fiscal consolidation path, deficit, and expenditure outlook are discussed as fiscal policy issues.\n- Public debt and SACU revenue are noted in the policy context."
    },
    {
      "heading": "Financial sector and systemic risks",
      "content": "- Managing systemic risks in the financial sector is identified as a main policy challenge.\n- Topics include Banking, Central banks, Credit, Financial sector policy and analysis, Financial sector stability, Money, and Housing prices."
    },
    {
      "heading": "Outlook and risks",
      "content": "- Namibia’s growth outlook is clouded with downside risks.\n- Main policy challenges: strengthen resilience to exogenous shocks, manage systemic financial risks, and promote inclusive growth and job creation.\n- Keywords indicating regional and thematic exposure include Africa, Global, Southern Africa."
    },
    {
      "heading": "Key statistics and publication metadata (as stated in the source)",
      "content": "- Pages: 70\n- Volume: 2015\n- Issue: 276\n- Series: Country Report No. 2015/276\n- DOI: https://doi.org/10.5089/9781513556642.002\n- Stock No: 1NAMEA2015001\n- ISBN: 9781513556642\n- ISSN: 1934-7685\n\nInternational Monetary Fund. Namibia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia.\n\n---\n\n Content in this bundle\n\n- Credit and GDP Growth and Financial Stability\n  - Credit and GDP Growth and Financial Stability (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Credit and GDP Growth and Financial Stability (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: October 1, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513556642.002",
    "Real GDP growth slightly moderated to 4.2 percent in 2014.",
    "Moderation in growth was largely owing to lower global demand for Namibia’s main export commodities.",
    "Growth of the construction sector and Namibia's real GDP growth are identified as relevant themes.",
    "Inflation remained contained, owing to low international commodity prices.",
    "The government’s large-scale fiscal program contributed to job creation.",
    "Unemployment declined somewhat as a result of the fiscal program.",
    "Fiscal consolidation path, deficit, and expenditure outlook are discussed as fiscal policy issues.",
    "Managing systemic risks in the financial sector is identified as a main policy challenge.",
    "Topics include Banking, Central banks, Credit, Financial sector policy and analysis, Financial sector stability, Money, and Housing prices.",
    "Namibia’s growth outlook is clouded with downside risks.",
    "Main policy challenges: strengthen resilience to exogenous shocks, manage systemic financial risks, and promote inclusive growth and job creation.",
    "Keywords indicating regional and thematic exposure include Africa, Global, Southern Africa.",
    "Pages: 70",
    "Volume: 2015",
    "Issue: 276",
    "Series: Country Report No. 2015/276",
    "DOI: https://doi.org/10.5089/9781513556642.002",
    "Stock No: 1NAMEA2015001",
    "ISBN: 9781513556642",
    "ISSN: 1934-7685",
    "**Credit and GDP Growth and Financial Stability**"
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