Namibia : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Namibia.

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 domest...

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书目详细资料
企业作者: International Monetary Fund. African Dept
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2021.
丛编:IMF Staff Country Reports; Country Report ; No. 2021/076
主题:
在线阅读:Full text available on IMF
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520 3 |a 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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