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A concise introduction to the most important aspects of Namibia's economic and social development over the past 5-10 years, including tracking progress toward achieving the Millennium Development Goals.
Namibia has shown resilience to the negative shocks from the COVID-19 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. Meanwhile, the challenge of improving public sector efficiency and reducing the large wage bill, not only for the sake of preserving debt sustainability, but also for the Namibian people to benefit the most from these new developments, remains paramount. Elections are scheduled for 2024.
In northwest Namibia, people’s political imagination offers a powerful insight into the post-apartheid state. Based on extensive anthropological fieldwork, this book focuses on the former South African apartheid regime and the present democratic government; it compares the perceptions and practices of state and customary forms of judicial administration, reflects upon the historical trajectory of a chieftaincy dispute in relation to the rooting of state power and examines everyday forms of belonging in the independent Namibian State. By elucidating the State through a focus on the social, historical and cultural processes that help constitute it, this study helps chart new territory for anthropology, and it contributes an ethnographic perspective to a wider set of interdisciplinary debates on the State and state processes.

Namibia

International Monetary Fund. Monetary and Capital Markets Department

Published: 2018-03-15

Total Pages: 71


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The paper assesses the stability of Namibia’s financial system. Macrofinancial vulnerabilities have built up over a period of rapid economic growth in Namibia, and the financial cycle has now turned down. The sovereign debt/GDP ratio has nearly doubled since 2014 which has reinforced the already strong bank-sovereign link. The rapid rise in housing prices and household debt, banks’ large exposure to mortgages, and banks reliance on wholesale funding are sources of concern. A major decline in real estate prices would adversely affect bank capital and profitability. Financial sector oversight has been strengthened significantly since the 2006 Financial System Assessment Program, but further upgrades are needed.
This study was conducted between February and April 1998, in Namibia. The aims of the study was to assist Namibian political leaders to improve the transparency, accountability and efficiency.
Mama Namibia is based on the compelling, true story of an innocent Herero girl whose life portrays the suffering, perseverance, and resilience of the Herero and Nama people as they faced their most daunting test - a genocide that proved to be the training grounds for the Holocaust."