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A Small Country, A Big Lecture:What the IMF’s Warning to Namibia Leaves Out
Summary by The Namibian
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A Small Country, A Big Lecture:What the IMF’s Warning to Namibia Leaves Out
On 8 August, the International Monetary Fund (IMF) told Namibia to tighten its belt. In its Article IV consultation report, it flagged Namibia’s rising public debt, warned that financing needs could push up borrowing costs, and recommended the government “front-load fiscal adjustment” specifically by cutting the public wage bill and transfers. The IMF also urged Windhoek to keep its interest rate closely aligned with South Africa’s, adopt macro-…
·Windhoek, Namibia
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