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Namibia: Staff Report for the 2005 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 152
Language:
English
Publication Date:
28 Apr 2006
DOI:
https://doi.org/10.5089/9781451828412.002
ISBN:
9781451828412
ISSN:
1934-7685
Pages:
67
Keywords:
ISCR; CR; government; Namibian authorities; outlay; expenditure side; authorities target ceiling; staff appraisal; SACU receipts; Government debt management; Africa; Sub-Saharan Africa; Southern Africa
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This 2005 Article IV Consultation highlights that Namibia recorded robust real GDP growth, falling inflation, a strong external current account surplus, and continued low external indebtedness over the last two years. Real GDP grew by 6 percent in 2004, as new marine technologies prompted a surge in diamond production and most other sectors of the economy showed solid economic activity, aided by a decline in interest rates. Growth slowed in 2005, as diamond production fell relative to the high production base of the previous year and growth rates in other sectors moderated somewhat.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund