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Namibia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 364
Language:
English
Publication Date:
14 Dec 2022
DOI:
https://doi.org/10.5089/9798400225048.002
ISBN:
9798400225048
ISSN:
1934-7685
Pages:
111
Keywords:
targeted reform agenda; authorities project SACU revenue; transparency policy; tertiary sector; FAD TA; IMF team; Fiscal consolidation; Food prices; Global; Africa
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Namibia has been severely hit by the COVID-19 pandemic but has started to gradually recover. After a sharp contraction in 2020, with worsening fiscal imbalances and socio-economic disparities, a modest recovery began in 2021 and strengthened in the first half of 2022. Mining activity rebounded while manufacturing and tertiary sector activities gradually started to recover. Inflationary pressures have increased, as higher international oil and food prices due to Russia’s war in Ukraine were passed-through. The political context remains stable, with elections scheduled in 2024.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund