Namibia : Staff Report for the 2004 Article IV Consultation

1NAMEA2005002 Image
Price:  $15.00

Release Date: © March, 2005
ISBN : 978-1-45182-840-5
Stock #: 1NAMEA2005002
English
Stock Status: On back-order

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Description

This 2004 Article IV Consultation highlights that Namibia’s real GDP growth accelerated to an estimated 4¼ percent in 2004, after averaging about 3 percent during the preceding five years. Growth benefited from declining interest rates, as the Bank of Namibia took advantage of declining inflation pressures and reduced its key policy rate in several steps from 12¾ percent in January 2003 to 7½ percent in July 2004. Executive Directors have welcomed the recent rise in GDP growth, decline in inflation, and strengthening of the external current account surplus.

Taxonomy

Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , Monetary policy




More publications in this series: IMF Staff Country Reports