## Namibia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia

_IMF Staff Country Reports, October 1, 2015_

## Source details

**Canonical URL:** [Namibia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia](https://www.imf.org/en/publications/cr/issues/2016/12/31/namibia-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43326)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/namibia-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43326/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/namibia-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43326/index.json)
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## Bibliographic details
- Published: October 1, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513556642.002

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### Economic performance and growth
- 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 and external conditions
- Inflation remained contained, owing to low international commodity prices.
- International reserves and external sector dynamics are highlighted as policy-relevant considerations.

### Fiscal policy, employment, and social outcomes
- 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.
- Public debt and SACU revenue are noted in the policy context.

### Financial sector and systemic risks
- 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.

### Outlook and risks
- 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.

### Key statistics and publication metadata (as stated in the source)
- 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

*International Monetary Fund. Namibia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia.*

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## Content in this bundle

- **Credit and GDP Growth and Financial Stability**
  - [Credit and GDP Growth and Financial Stability (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15276.pdf.md){rel="alternate" type="text/markdown"}
  - [Credit and GDP Growth and Financial Stability (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15276.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/namibia-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43326_