{
  "title": "Namibia: Staff Report for the 2005 Article IV Consultation",
  "publication": "IMF Staff Country Reports, April 28, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/namibia-staff-report-for-the-2005-article-iv-consultation-19173",
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  "summary": "This 2005 Article IV Consultation highlights that Namibia recorded robust real GDP growth, falling inflation, a strong external current account surplus, and continued low external indebtedness over the last two years.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Namibia recorded robust real GDP growth over the last two years.\n- Falling inflation was observed during the period.\n- The country maintained a strong external current account surplus.\n- External indebtedness remained continued low."
    },
    {
      "heading": "Economic performance 2004–2005",
      "content": "- Real GDP grew by 6 percent in 2004.\n- Growth in 2004 was driven by a surge in diamond production prompted by new marine technologies and solid activity in most other sectors, aided by a decline in interest rates.\n- Growth slowed in 2005 as diamond production fell relative to the high production base of the previous year and growth rates in other sectors moderated somewhat."
    },
    {
      "heading": "Thematic coverage (subjects highlighted in the report)",
      "content": "- Banking\n- Expenditure\n- External debt\n- Fiscal policy\n- Government debt management\n- Public debt\n- Public financial management (PFM)\n\nSource: Namibia: Staff Report for the 2005 Article IV Consultation\n\n---\n\n Content in this bundle\n\n- cr06152\n  - cr06152 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06152 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 28, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451828412.002",
    "Namibia recorded robust real GDP growth over the last two years.",
    "Falling inflation was observed during the period.",
    "The country maintained a strong external current account surplus.",
    "External indebtedness remained continued low.",
    "Real GDP grew by 6 percent in 2004.",
    "Growth in 2004 was driven by a surge in diamond production prompted by new marine technologies and solid activity in most other sectors, aided by a decline in interest rates.",
    "Growth slowed in 2005 as diamond production fell relative to the high production base of the previous year and growth rates in other sectors moderated somewhat.",
    "**_cr06152**"
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