Namibia: Staff Report for the 2011 Article IV Consultation.
IMF Staff Country Reports, February 10, 2012
Source details
- Canonical URL
- Namibia: Staff Report for the 2011 Article IV Consultation.
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Bibliographic details
- Published: February 10, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463939755.002
Fiscal initiative and objectives
- Namibia’s government launched a major three-year fiscal initiative in 2011 aimed at increasing growth and employment.
- The authorities intend to unwind the fiscal expansion in 2014.
Public debt and fiscal stance
- Public debt is rising rapidly, from a low base.
- Fiscal consolidation would help keep public debt to a manageable level.
External position and risks
- Fiscal consolidation would support the economy’s external position.
- Consolidation would provide room to maneuver if further shocks arise, including a potential fall in revenues from the Southern African Customs Union.
Exchange rate policy
- The authorities reaffirmed their intention to support the exchange rate peg against the South African rand.
Subject areas and keywords (as listed)
- Subject: Expenditure, External debt, Fiscal policy, Fiscal stance, National accounts, Public debt, Real interest rates
- Keywords: Africa, CR, debt ratio, debt stock, deficit, executive board discussion, financial crisis, Fiscal stance, GDP, GDP ratio, Global, global financial crisis, IMF staff estimate, ISCR, Namibian economy well, National Planning Commission's website, Southern Africa
Content in this bundle
- Namibia: 2011 Article IV Consulatation; IMF Country report 12/41; January 23, 2012