{
  "title": "Namibia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia",
  "publication": "IMF Staff Country Reports, December 8, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/namibia-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44443",
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  "summary": "This 2016 Article IV Consultation highlights that Namibia has experienced remarkable growth and economic progress since the financial crisis. Strong policy frameworks and expansionary domestic policies have contributed to macroeconomic stability, robust growth, and rising living standards.",
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    {
      "heading": "Key findings and assessment",
      "content": "- Namibia experienced remarkable growth and economic progress since the financial crisis.\n- Strong policy frameworks and expansionary domestic policies contributed to:\n  - macroeconomic stability,\n  - robust growth,\n  - rising living standards.\n- Deep-rooted structural impediments have kept unemployment high and unresponsive to growth, contributing to persistently high inequality."
    },
    {
      "heading": "Outlook and projections",
      "content": "- The outlook is positive but exposed to considerable vulnerabilities and risks.\n- Growth is projected to temporarily weaken to 1.6 percent in 2016 as:\n  - the construction of large mines ends, and\n  - the government starts consolidating."
    },
    {
      "heading": "Themes and focus areas covered",
      "content": "- Banking\n- Fiscal consolidation\n- Fiscal policy\n- Income\n- Income inequality\n- National accounts\n- Personal income\n- Public debt\n- Revenue administration"
    },
    {
      "heading": "Keywords and regional focus",
      "content": "- Africa\n- CR\n- deficit\n- Fiscal consolidation\n- fiscal policy\n- headline inflation\n- household indebtedness\n- housing price dynamics\n- IMF Executive Board\n- IMF Policy paper\n- Income\n- Income inequality\n- ISCR\n- reports balance of payments\n- Southern Africa\n\n---\n\n Content in this bundle\n\n- cr16373\n  - cr16373 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16373 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 8, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475559071.002",
    "Namibia experienced remarkable growth and economic progress since the financial crisis.",
    "Strong policy frameworks and expansionary domestic policies contributed to:",
    "Deep-rooted structural impediments have kept unemployment high and unresponsive to growth, contributing to persistently high inequality.",
    "The outlook is positive but exposed to considerable vulnerabilities and risks.",
    "Growth is projected to temporarily weaken to 1.6 percent in 2016 as:",
    "Africa",
    "CR",
    "deficit",
    "headline inflation",
    "household indebtedness",
    "housing price dynamics",
    "IMF Executive Board",
    "IMF Policy paper",
    "ISCR",
    "reports balance of payments",
    "Southern Africa",
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