Cover IMF Staff Country Reports
Namibia: Staff Report for the 2011 Article IV Consultation.
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 041
Language:
English
Publication Date:
10 Feb 2012
DOI:
https://doi.org/10.5089/9781463939755.002
ISBN:
9781463939755
ISSN:
1934-7685
Pages:
58
Keywords:
ISCR; CR; GDP; financial crisis; debt ratio; deficit; IMF staff estimate; Namibian economy well; global financial crisis; National Planning Commission's website; executive board discussion; debt stock; GDP ratio; Fiscal stance; Global; Africa; Southern Africa
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Namibia’s government has launched a major three-year fiscal initiative in 2011 aimed at increasing growth and employment. Public debt is rising rapidly, from a low base. The authorities intend to unwind the fiscal expansion in 2014. Fiscal consolidation would help keep public debt to a manageable level, support the economy’s external position, and provide room to maneuver if further shocks arise, including a potential fall in revenues from the Southern African Customs Union. The authorities reaffirmed their intention to support the exchange rate peg against the South African rand.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2012: Issue 041