Namibia: Selected Issues and Statistical Appendix
IMF Staff Country Reports, February 28, 2008
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- Namibia: Selected Issues and Statistical Appendix
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- Published: February 28, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451828450.002
Current account and savings
- The recent uptrend in Namibia’s current account surplus reflects an increase in public and private savings.
- Terms of trade improvement is listed among subject tags associated with the analysis.
Capital flows and investment rules
- Tighter domestic investment rules will not reduce capital outflows.
- The phasing and macroeconomic impact of regulatory changes requires careful scrutiny.
- Market-based incentives for investment repatriation are attractive.
Natural resources and mining sector
- Namibia’s non-renewable natural resource sector is a significant contributor to Namibia’s economy.
- It is important to continue management of its mineral resources wisely.
Labor market and employment
- Faster growth in low-skill job opportunities will help tackle unemployment in the short-term.
- More flexible labor market institutions will help tackle unemployment in the short-term.
Policy recommendations and analytical priorities
- Carefully phase and assess the macroeconomic impact of regulatory changes affecting investment.
- Favor market-based incentives to encourage investment repatriation rather than tighter domestic investment restrictions.
- Maintain prudent management of mineral resource revenues and policy frameworks to sustain benefits from the non-renewable natural resource sector.
- Promote policies that stimulate faster growth in low-skill job opportunities and increase labor market flexibility to address unemployment in the short-term.
Source: Namibia: Selected Issues and Statistical Appendix (February 28, 2008).
Content in this bundle
- Namibia: Selected Issues and Statistical Appendix; IMF Country Report 08/82; January 8, 2008