{
  "title": "Namibia: Staff Report for the 2004 Article IV Consultation",
  "publication": "IMF Staff Country Reports, March 11, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/namibia-staff-report-for-the-2004-article-iv-consultation-18128",
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  "summary": "This 2004 Article IV Consultation highlights that Namibia’s real GDP growth accelerated to an estimated 4¼ percent in 2004, after averaging about 3 percent during the preceding five years.",
  "sections": [
    {
      "heading": "Main findings: growth, inflation, and external sector",
      "content": "- Real GDP growth accelerated to an estimated 4¼ percent in 2004.\n- Real GDP growth had averaged about 3 percent during the preceding five years.\n- The external current account surplus strengthened (no numerical value provided in source)."
    },
    {
      "heading": "Monetary policy and interest rates",
      "content": "- The Bank of Namibia reduced its key policy rate in several steps from 12¾ percent in January 2003 to 7½ percent in July 2004.\n- Declining inflation pressures allowed the Bank of Namibia to take advantage of lower inflation to ease policy (no numerical inflation rate provided in source)."
    },
    {
      "heading": "Executive Directors' assessment",
      "content": "- Executive Directors welcomed:\n  - the recent rise in GDP growth,\n  - the decline in inflation,\n  - the strengthening of the external current account surplus."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication title: Namibia: Staff Report for the 2004 Article IV Consultation\n- Publication date: March 11, 2005\n- Series: Country Report No. 2005/097\n- Issue: 097\n- Volume: 2005\n- Pages: 58\n- DOI: https://doi.org/10.5089/9781451828405.002\n- Stock No: 1NAMEA2005002\n- ISBN: 9781451828405\n- ISSN: 1934-7685\n- Subject: Expenditure, External debt, Fiscal policy, Health, HIV and AIDS, Public debt\n- Keywords: Africa, apartheid regime, CR, debt ratio, EPZ regime, government, HIV and AIDS, IMF staff estimate, ISCR, Namibian authorities, per-capita growth, Southern Africa, Sub-Saharan Africa\n\nSource: Namibia: Staff Report for the 2004 Article IV Consultation (IMF Staff Country Reports, 2005, 097).\n\n---\n\n Content in this bundle\n\n- cr0597\n  - cr0597 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0597 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 11, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451828405.002",
    "Real GDP growth accelerated to an estimated 4¼ percent in 2004.",
    "Real GDP growth had averaged about 3 percent during the preceding five years.",
    "The external current account surplus strengthened (no numerical value provided in source).",
    "The Bank of Namibia reduced its key policy rate in several steps from 12¾ percent in January 2003 to 7½ percent in July 2004.",
    "Declining inflation pressures allowed the Bank of Namibia to take advantage of lower inflation to ease policy (no numerical inflation rate provided in source).",
    "Executive Directors welcomed:",
    "Publication title: Namibia: Staff Report for the 2004 Article IV Consultation",
    "Publication date: March 11, 2005",
    "Series: Country Report No. 2005/097",
    "Issue: 097",
    "Volume: 2005",
    "Pages: 58",
    "DOI: https://doi.org/10.5089/9781451828405.002",
    "Stock No: 1NAMEA2005002",
    "ISBN: 9781451828405",
    "ISSN: 1934-7685",
    "Subject: Expenditure, External debt, Fiscal policy, Health, HIV and AIDS, Public debt",
    "Keywords: Africa, apartheid regime, CR, debt ratio, EPZ regime, government, HIV and AIDS, IMF staff estimate, ISCR, Namibian authorities, per-capita growth, Southern Africa, Sub-Saharan Africa",
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