Namibia: Staff Report for the 2004 Article IV Consultation

March 11, 2005

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Namibia: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 21, 2024

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.

Subject: Expenditure, External debt, Fiscal policy, Health, HIV and AIDS, Public debt

Keywords: Africa, Apartheid regime, CR, Debt ratio, EPZ regime, Government, HIV and AIDS, IMF staff estimate, ISCR, Namibian authorities, Per-capita growth, Southern Africa, Sub-Saharan Africa

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/097
Stock No:

1NAMEA2005002
ISBN:

9781451828405
ISSN:

1934-7685

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