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Namibia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia

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  • International Monetary Fund

Abstract

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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  • International Monetary Fund, 2022. "Namibia: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia," IMF Staff Country Reports 2022/364, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2022/364
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    Keywords

    targeted reform agenda; authorities project SACU revenue; transparency policy; tertiary sector; FAD TA; IMF team; Fiscal consolidation; Food prices; Global; Africa;
    All these keywords.

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