## Credit Developments and Macro-Financial Risks in Namibia: Namibia

_Selected Issues Papers, July 11, 2025_

## Source details

**Canonical URL:** [Credit Developments and Macro-Financial Risks in Namibia: Namibia](https://www.imf.org/en/publications/selected-issues-papers/issues/2025/07/11/credit-developments-and-macro-financial-risks-in-namibia-namibia-568545)

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## Bibliographic details
- Authors: Yumeng Gu, Lilian Muchimba
- Published: July 11, 2025
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798229017725.018

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### Evolution of bank credit in Namibia
- Examines the evolution of bank credit in Namibia over the past two decades.
- Highlights notable trends in credit growth and banking asset dynamics.
- Focuses on developments in housing prices, mortgages, and money supply as related subjects.

### Composition of credit growth and private sector focus
- Emphasizes the composition of credit growth with a particular focus on the private sector.
- Identifies distinctions between private sector and public sector-bank nexus in credit allocation.
- Notes relevance to bank credit, credit-to-GDP ratio, and structural issues affecting credit development.

### Macro-financial vulnerabilities identified
- Identifies potential macro-financial vulnerabilities arising from credit developments.
- Addresses risks related to banking asset quality and macro-financial risk amplification through credit channels.
- Highlights the interplay between housing prices, mortgages, and financial stability risks in Namibia.

### Policy recommendations to mitigate risks
- Provides policy recommendations aimed at mitigating identified macro-financial risks.
- Recommends macro-prudential policy measures relevant to banking sector resilience and credit quality.
- Suggests measures to manage the public sector–bank nexus and structural issues influencing credit growth.

### Promoting access to credit by businesses
- Underscores the importance of promoting access to credit by businesses as part of policy guidance.
- Positions improved business access to credit as relevant for private sector development and broader financial stability.

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_Source: https://www.imf.org/en/publications/selected-issues-papers/issues/2025/07/11/credit-developments-and-macro-financial-risks-in-namibia-namibia-568545_