Namibia: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia
IMF Staff Country Reports, June 17, 2025
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- Namibia: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia
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Bibliographic details
- Published: June 17, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229014496.002
Major economic challenges and context
- Namibia’s economy faces challenges from heightened global trade policy tensions, increased weather shocks, a structural shift in the global diamond market, and high structural unemployment.
- Risks to the outlook are tilted to the downside:
- further global trade policy shocks
- geopolitical fragmentation
- weather shocks
- weak diamond market
- rolling back of recent fiscal consolidation and state-owned enterprise reforms
- Upside risks include:
- moderation in global trade policy tensions
- faster development of oil, gas, and green hydrogen
Macroeconomic policy priorities and analysis
- Ensuring macroeconomic stability requires:
- maintaining fiscal prudence while creating space for growth-enhancing measures
- managing monetary policy to safeguard the peg
- enhancing the resilience of the financial sector
- A comprehensive strategy is needed to leverage potential opportunities from recent oil discoveries.
Structural reforms and employment agenda
- To generate employment through inclusive private sector-led growth that is weather shock-resilient, bold structural reforms are essential.
- Recommended measures to foster private sector-led growth and reduce unemployment and inequality:
- reduce skill mismatches
- decrease red tape
- optimize regulations
- promote digitalization
Content in this bundle
- 1namea2025001-print-pdf