TY - BOOK ID - 146594492 TI - Namibia : 2023 Article IV Consultation-Press Release; and Staff Report. PY - 2023 SN - 9798400262098 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Computer Programs: Other KW - Data Collection and Data Estimation Methodology KW - Debt Management KW - Debt KW - Debts, Public KW - Econometrics & economic statistics KW - Expenditure KW - Expenditures, Public KW - Fiscal Policy KW - Fiscal policy KW - Fiscal stance KW - Government wage bill KW - Income economics KW - Incomes Policy KW - International agencies KW - International Agreements and Observance KW - International Economics KW - International institutions KW - International organization KW - International Organizations KW - Labor KW - Labour KW - Macroeconomics KW - Monetary economics KW - Monetary Policy KW - Monetary policy KW - Money and Monetary Policy KW - National accounts KW - National Government Expenditures and Related Policies: General KW - National income KW - Price Policy KW - Public debt KW - Public finance & taxation KW - Public Finance KW - Sales tax, tariffs & customs duties KW - Sovereign Debt KW - Statistics KW - Taxation KW - Wages KW - Namibia UR - https://www.unicat.be/uniCat?func=search&query=sysid:146594492 AB - This 2023 Article IV Consultation highlights that Namibia has shown resilience to the negative shocks from the coronavirus disease 2019 pandemic and Russia’s war in Ukraine. Output has recovered to the pre pandemic level, inflation has fallen below 6 percent, and expectations remain anchored. Official reserves, at 4.7 month of imports in September, exhibit adequacy consistent with the peg to the rand. Prospects are brightened with discovery of oil and gas reserves. At the same time, Namibia is poised to benefit from the global pivot to green energy through its signature Green Hydrogen Project. Namibia should continue to tackle its current challenges of elevated public debt and weak nonresource sector growth. Fiscal consolidation will help reduce public debt and create space for private sector growth. Reforms to strengthen the public financial management framework and the performance of state-owned enterprises can raise productivity and lay the basis for efficient management of potentially large revenues from natural resources. Enhancing statistical capacity for consistent recording of transactions reflecting offshore oil-related activities would help inform policy. ER -