## Namibia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia

_IMF Staff Country Reports, December 8, 2016_

## Source details

**Canonical URL:** [Namibia: 2016 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-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44443)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/namibia-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44443/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/namibia-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44443/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/namibia-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44443/bundle-manifest.json)

## Bibliographic details
- Published: December 8, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475559071.002

---

### Key findings and assessment
- Namibia experienced remarkable growth and economic progress since the financial crisis.
- Strong policy frameworks and expansionary domestic policies contributed to:
  - macroeconomic stability,
  - robust growth,
  - rising living standards.
- Deep-rooted structural impediments have kept unemployment high and unresponsive to growth, contributing to persistently high inequality.

### Outlook and projections
- The outlook is positive but exposed to considerable vulnerabilities and risks.
- Growth is projected to temporarily weaken to 1.6 percent in 2016 as:
  - the construction of large mines ends, and
  - the government starts consolidating.

### Themes and focus areas covered
- Banking
- Fiscal consolidation
- Fiscal policy
- Income
- Income inequality
- National accounts
- Personal income
- Public debt
- Revenue administration

### Keywords and regional focus
- Africa
- CR
- deficit
- Fiscal consolidation
- fiscal policy
- headline inflation
- household indebtedness
- housing price dynamics
- IMF Executive Board
- IMF Policy paper
- Income
- Income inequality
- ISCR
- reports balance of payments
- Southern Africa

---

## Content in this bundle

- **_cr16373**
  - [_cr16373 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16373.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr16373 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16373.pdf){rel="external" type="application/pdf"}

---

_Source: 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_