## Namibia: Staff Report for the 2004 Article IV Consultation

_IMF Staff Country Reports, March 11, 2005_

## Source details

**Canonical URL:** [Namibia: Staff Report for the 2004 Article IV Consultation](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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## Bibliographic details
- Published: March 11, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451828405.002

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### Main findings: growth, inflation, and external sector
- 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).

### Monetary policy and interest rates
- 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' assessment
- Executive Directors welcomed:
  - the recent rise in GDP growth,
  - the decline in inflation,
  - the strengthening of the external current account surplus.

### Publication and metadata
- 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

*Source: Namibia: Staff Report for the 2004 Article IV Consultation (IMF Staff Country Reports, 2005, 097).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/namibia-staff-report-for-the-2004-article-iv-consultation-18128_