Namibia: Staff Report for the 2004 Article IV Consultation
Volume/Issue:
Volume 2005
Issue 097
Publication date: March 2005
ISBN: 9781451828405
$20.00
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Topics covered in this book
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Business and Economics , Exports and Imports , Health and Fitness , Public Finance , ISCR , CR , government , Namibian authorities , EPZ regime , debt ratio , apartheid regime , per-capita growth , IMF staff estimate , HIV and AIDS , Africa , Sub-Saharan Africa , Southern Africa
Summary
This 2004 Article IV Consultation highlights that Namibia’s real GDP growth accelerated to an estimated 4¼ percent in 2004, after averaging about 3 percent during the preceding five years. Growth benefited from declining interest rates, as the Bank of Namibia took advantage of declining inflation pressures and reduced its key policy rate in several steps from 12¾ percent in January 2003 to 7½ percent in July 2004. Executive Directors have welcomed the recent rise in GDP growth, decline in inflation, and strengthening of the external current account surplus.
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