Namibia: request for purchase under the rapid financing instrument : press release; staff report; and statement by the Executive Director for Namibia

Medientyp: E-Book

Titel: Namibia : request for purchase under the rapid financing instrument : press release; staff report; and statement by the Executive Director for Namibia

Körperschaft: Internationaler Währungsfonds

Erschienen: Washington, D.C.: International Monetary Fund, April 2021

Umfang: 1 Online-Ressource (circa 48 Seiten); Illustrationen

Sprache: Englisch

DOI: 10.5089/9781513576923.002

ISBN: 9781513576923

Identifikator:

Schlagwörter: health emergency ; IMF disbursement ; stepping-up emergency health ; undertaking emergency health ; Namibia investment promotion bill ; COVID-19 ; Fiscal consolidation ; Fiscal stance ; Global ; Namibia ; Graue Literatur

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Anmerkungen:

Beschreibung: The COVID-19 pandemic has sharply deteriorated Namibia's short-term macroeconomic outlook, giving rise to urgent balance of payments (BOP) and fiscal financing needs. After an initial outbreak peaked in August, a second wave hit in late 2020. Containment measures have negatively impacted domestic consumption and economic activity, weighing on tax revenues collection. Furthermore, worsening global conditions have hindered mining production and exports, tourism receipts, and investment inflows. The economy is expected to have sharply contracted by 7.2 percent in 2020, and the recovery is set to remain subdued in 2021

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