Namibia: IMF Executive Board Concludes 2023 Article Iv Consultation With Namibia

Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Namibia and endorsed the staff appraisal without a meeting on a lapse-of-time basis. [2]

Namibia’s real GDP growth reached 4.6 percent in 2022 on the back of sustained mining growth and recovery in tourism. With growth estimated at 3.2 percent in 2023, economic activity is assessed to have now surpassed the pre-pandemic level. Inflation, which rose sharply in 2022 due to high…