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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2023 Article IV Mission to Namibia

On the back of sustained mining growth and recovery in tourism, real GDP growth reached 4.6 percent in 2022 and economic activity is expected to surpass the pre-pandemic level in 2023 with a growth of 3.2 percent

Driven by mining, Namibia’s real GDP grew 4.6 percent in 2022. Growth of 3.2 percent in 2023 is expected to bring output back above the pre-pandemic level; Maintaining the fiscal reform momentum is key to preserve debt sustainability, cushion against the volatility of SACU revenues, and foster private sector-led growth.…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Namibia Subscribes to the International Monetary Fund’s Special Data Dissemination Standard

Bert Kroese, Chief Statistician and Data Officer, and Director of the IMF’s Statistics Department, welcomed this major milestone in the country’s statistical development

Namibia subscribed to the IMF’s Special Data Dissemination Standard (SDDS), becoming the fifth country in Sub-Saharan African to reach this goal. By subscribing to the SDDS, Namibia graduated from the Enhanced General Data Dissemination System (e-GDDS) in which the country had participated since June 27, 2016. Bert Kroese, Chief Statistician…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2022 Article IV Mission to Namibia

An International Monetary Fund (IMF) staff team, led by Ms. Giorgia Albertin, IMF mission chief for Namibia, held a virtual mission during September 20 ‒ October 5, 2022, to conduct the 2022 Article IV Consultation discussions with Namibia

After a sharp contraction due to the COVID-19 pandemic, the Namibian economy has started to recover. Real GDP growth is expected at 3 percent in 2022 and 3.2 percent in 2023; preserving macroeconomic stability, advancing structural reforms and protecting the most vulnerable is key to foster private sector-led inclusive growth…