## Namibia: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia

_IMF Staff Country Reports, June 17, 2025_

## Source details

**Canonical URL:** [Namibia: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia](https://www.imf.org/en/publications/cr/issues/2025/06/16/namibia-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-567703)

## Other formats

- [Markdown version](/en/publications/cr/issues/2025/06/16/namibia-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-567703/index.md)
- [Structured JSON version](/en/publications/cr/issues/2025/06/16/namibia-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-567703/index.json)
- [Bundle manifest](/en/publications/cr/issues/2025/06/16/namibia-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-567703/bundle-manifest.json)

## 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**
  - [1namea2025001-print-pdf (Markdown version)](/-/media/files/publications/cr/2025/english/1namea2025001-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [1namea2025001-print-pdf (PDF)](/-/media/files/publications/cr/2025/english/1namea2025001-print-pdf.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2025/06/16/namibia-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-567703_