Namibia: Staff Report for the 2006 Article IV Consultation
IMF Staff Country Reports, January 12, 2007
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Bibliographic details
- Published: January 12, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451828436.002
Macroeconomic performance and outlook
- With generally prudent macroeconomic policies, Namibia has enjoyed robust growth, moderate inflation, and strong external surpluses.
- Growth is expected to increase to 4½ percent in 2006, after 4¼ percent in 2005, owing in part to a recovery in diamond production.
- Rising oil prices and interest rates have not yet noticeably affected activity.
External position
- Strong external surpluses are highlighted as a feature of Namibia’s recent performance.
- An expected decline in customs union (SACU) receipts is projected to affect external-related fiscal flows over the medium term.
Public debt and fiscal considerations
- Public debt is poised to rise again over the medium term in light of an expected decline in customs union (SACU) receipts and an increase in spending to address Namibia’s development needs.
- Fiscal pressures are linked to the need for increased spending to address development needs alongside falling windfall revenue from SACU.
Key subjects and keywords
- Subject tags in the report include: Expenditure, External debt, Foreign exchange, Poverty, Poverty reduction, Public debt, Real effective exchange rates.
- Keywords include: Africa, authorities' strategy, Caribbean, CR, development needs, fiscal rule target, government, ISCR, Namibian authorities, Poverty reduction, Real effective exchange rates, Southern Africa, surplus, windfall revenue.
Source: Namibia: Staff Report for the 2006 Article IV Consultation