Namibia

Abstract

Cover -- CONTENTS -- CONTEXT: ROBUST GROWTH WITH GROWING VULNERABILITIES -- OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Designing Fiscal Consolidation -- B. Managing Systemic Risks in the Financial Sector -- C. Lowering Unemployment and Reducing Inequality -- STAFF APPRAISAL -- BOXES -- 1. State Owned Enterprises in Namibia -- 2. Household Vulnerability -- 3. Increasing the Efficiency of Fiscal Policy to Reduce Inequality -- FIGURES -- 1. High Unemployment and Income Inequality -- 2. Robust Growth, Rising Inflation and Monetary Policy -- 3. Growing External Vulnerabilities -- 4. Rising Fiscal Vulnerabilities -- 5. Sound Banking Sector and Improved Financial Inclusion -- 6. Macrofinancial Risks from the Housing Market and Linkages Between Banks andNon-Bank Financial Institutions -- 7. High Unemployment and Employment Little Responsive to Growth -- 8. Structural Impediments Limiting Growth and Employment -- TABLES -- 1. Selected Economic Indicators, 2013-21 -- 2. Balance of Payments, 2013-21 -- 3a. Fiscal Operations of the Central Government, 2013/14-21/22 (N millions) -- 3b. Fiscal Operations of the Central Government, 2013/14-21/22 (Percent of GDP) -- 4. Monetary Accounts, 2013-21 -- 5. Financial Sector Indicators, 2010-March 2016 -- 6. Millennium Development Goals, 1995-2015 -- ANNEXES -- I. External Sector Assessment -- II. Risk Assessment Matrix -- III. Debt Sustainability Analysis -- IV. Macro-Financial Risks from the Housing Boom -- CONTENTS -- FUND RELATIONS -- JOINT WORLD BANK AND IMF WORK PROGRAM -- STATISTICAL ISSUES.