Namibia; 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion

Namibia was negatively impacted by the 2008 global financial crisis, reversing years of strong economic performance and deteriorating both fiscal and external positions. Accordingly, the authorities have committed to undertake fiscal consolidation with a view to reduce the fiscal deficit to 2.6 percent of GDP by 2014. IMF staff emphasized the need for an earlier withdrawal of stimulus measures and ambitious fiscal consolidation. Staff also called for streamlining fiscal rules with the debt-to-GDP ratio to help isolate fiscal policy from volatile Southern Africa Customs Union (SACU) revenues.

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Year of publication:	2010-09-01
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultation reports \| Bank reforms \| Bank supervision \| Currency pegs \| Economic indicators \| Economic recovery \| Fiscal consolidation \| Global Financial Crisis 2008-2009 \| Nonbank financial sector \| Staff Reports \| public debt \| debt \| fiscal risks \| publicly-guaranteed \| fiscal balance \| current account \| fiscal policy \| budget process \| external debt \| fiscal deficit \| capital expenditure \| fiscal rules \| current account balance \| government revenue \| fiscal indicators \| domestic debt \| fiscal outcomes \| fiscal outlook \| balance of payments \| budget deficit \| fiscal sustainability \| fiscal stimulus \| fiscal stance \| government expenditure \| debt sustainability analysis \| reserve assets \| public sector debt \| fiscal deficits \| fiscal scenario \| total external debt \| government deficit \| current account deficit \| government expenditures \| fiscal developments \| expansionary fiscal \| fiscal space \| tax revenue \| expansionary fiscal stance \| debt sustainability \| expenditure levels \| domestic savings \| expenditure increases \| tax policy \| reserve bank \| public spending \| expenditure growth \| private external debt \| fiscal years \| fiscal position \| fiscal risk \| short-term debt \| public deficits \| fiscal consolidation efforts \| public expenditure \| fiscal performance \| fiscal surpluses \| debt accumulation \| public expenditures \| tax system \| reduction in government expenditure

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 10/269 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243189