Namibia: Staff Report for the 2006 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 012

Publication date: January 2007

ISBN: 9781451828436

$20.00

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Topics covered in this book

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Exports and Imports , Labor , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , government , Namibian authorities , development needs , authorities' strategy , surplus , fiscal rule target , windfall revenue , Poverty reduction , Real effective exchange rates , Africa , Southern Africa , Caribbean

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Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

This 2006 Article IV Consultation highlights that with generally prudent macroeconomic policies, Namibia has enjoyed robust growth, moderate inflation, and strong external surpluses. Growth is expected to increase to 4½ percent in 2006, after 4¼ percent in 2005, owing in part to a recovery in diamond production. Rising oil prices and interest rates have not yet noticeably affected activity. Public debt is poised to rise again over the medium term in light of an expected decline in custom union (SACU) receipts and an increase in spending to address Namibia’s development needs.