Public Management

Namibia should regain a positive growth this year

Wednesday, 04 March 2020 13:04
Namibia should regain a positive growth this year

(Ecofin Agency) - After three years of recession, the Namibian economy is expected to get back on a positive growth trend this year. The good news was reported following an IMF mission to the country last 24 to 28 February as part of the organization’s regular surveillance activities.

Driven by the acceleration of mining production and drought mitigation recorded last year, Namibia's economic growth is expected to turn positive at 1.6% of GDP in 2020. In 2017, 2018 and 2019, growth was negative at -0.9%, -0.1% and -0.2%, respectively.

IMF, however, warns that the new growth projection could be revised downwards mainly due to a decline in global growth related to the COVID-19 virus. IMF also points to lower-than-expected revenues and fiscal slippages in the Southern African Customs Union (SACU) that would undermine the government's efforts to stabilize public debt dynamics.

The institution recommends that the Namibian authorities pursue fiscal adjustment policies to stabilize public debt over time and balance the adjustment with broader reforms to support growth, as well as revive structural reforms to boost employment creation in particular.

“In the absence of structural reforms, growth would strengthen only gradually over the medium term,” the IMF notes.

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.