Download or read book Namibia written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2018-03-15 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Namibia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-02-27 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Financial System Stability Assessment for Namibia, including the Report on the Observance of Standards and Codes on Banking Supervision. The financial system of Namibia appears healthy, well-run, and resilient to plausible macroeconomic shocks. Namibia has one of the most sophisticated and highly developed financial systems in Africa. It comprises a diverse range of institutions, which are mostly private. The banking sector is mature, profitable, and well capitalized. The nonbank financial institutions sector is also well developed.
Download or read book The Financial System in Namibia written by Sylvanus I. Ikhide and published by . This book was released on 2002 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The book strives to present information on the structure of the nation's financial system and the operations of the different institutions that make up that structure."--Pref.
Download or read book Namibia written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2016-12-08 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper assesses the impact of alternative fiscal consolidation strategies on Namibia’s growth. It uses a model developed at the IMF to gain insights on what would be a growth-friendly composition of the fiscal adjustment. The analysis suggests that a combined strategy of revenue and expenditure measures has lower negative effects on growth than a pure expenditure-based adjustment. Structural reforms improving the efficiency of public investment can further reduce the negative effect of consolidation on growth, and potentially strengthen growth. Overall, minimizing the negative impact of fiscal consolidation on growth requires combining revenue and expenditure measures, together with fiscal structural reforms.
Download or read book Namibia written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-10-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper examines macro-financial risks associated with housing boom in Namibia. Namibia has enjoyed stable and steady progress in financial sector developments, but vulnerabilities might have built up. The recent evolution of Namibia’s housing prices raises a question as to whether the prices reflect economic fundamentals. Overall, estimates based on cross-country evidence of countries that experienced a boom-bust episode in the housing sector suggest that Namibia’s real economic growth could be 3 to 27 percentage points lower than under the baseline scenario over a three-year period. Under the most adverse scenario, in particular, GDP is expected to contract 9.9 percent in real terms over the three-year projection period.
Download or read book Investigating the Relationship Between Non bank Financial Sector Development and Economic Growth in Namibia written by Kennedy Kolulyolomwene Johannes and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims to empirically investigate whether a long-run relationship exists between the development of the non-bank financial institutions (NBFIs) sector and economic growth in Namibia and to further determine the direction of causality thereof. The study uses time series quarterly data over the period 2001:Q1 to 2019:Q4 and utilizes the Autoregressive Distributed Lag (ARDL) model to examine the long-run relationship between the variables after having carried out the unit root test employing Kwiatkowski-Phillips-Schmidt-Shin (KPSS). The empirical results of the study show a positive significant relationship between NBFIs development and per capita growth standing for Namibia economic growth both in the long run and short run. This implies that the development of NBFIs can serve as an important locomotive for fostering economic growth in the Namibian context. Surprisingly, unlike majority of the finance-growth studies that support either the supply-leading or demand-following hypothesis, the Granger causality test of this study indicate that there exists no causal linkage between the two variables of interest, which is the development of NBFIs and economic growth. The study however found a bidirectional causal relationship between GDP and labour. The Cumulative Sum (CUSUM) and Cumulative Sum of Squares (CUSUMQ) test results confirmed the structural stability of the ARDL model. Policy makers are thus advised to consider promulgating laws aimed at developing the NBFI sector and those that encourages pension funds and other institutional investors to invest more in the domestic economy.
Download or read book Namibia written by and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Namibian Financial Sector Review written by and published by . This book was released on 2007 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Namibia written by Fondo Monetario Internacional and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Namibia written by International Monetary and published by International Monetary Fund. This book was released on 2021-04-12 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Financial Development and Economic Growth in Namibia written by Postrick Mushendami and published by LAP Lambert Academic Publishing. This book was released on 2010-07 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial sector in Namibia is well developed and offers a wide range of services. This assertion can be supported by the ratio of broad money supply (M2) and the private sector credit to gross domestic product (GDP), which stood at 43 and 40 per cent respectively in 2004. Despite the observed level of financial sector development, real economic growth remained low, growing at 3 per cent on average during the past 12 years. This tend to suggest that there might not be a strong long run link between finance and economic output. This book therefore examines whether there is a long run relationship between financial development and economic growth in Namibia and hence determine the direction of causality. The book employs a two step Engle-Granger method of Cointegration; and a Granger Causality Test. Moreover, the book explores the history of banking in Namibia. The book is intended for undergraduate and graduate students of monetary, financial, macroeconomics and practitioners as well.
Download or read book Africa written by Paula Mitchell and published by . This book was released on 2001 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ill Gotten Money and the Economy written by Stuart Yikona and published by World Bank Publications. This book was released on 2011-10-11 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many developing countries have introduced policies to tackle ill-gotten money over the past years. Perception remains that such moves were more a result of international pressure being exercised than genuine ownership of such an agenda. There is not enough analysis and literature of how an anti-financial crime framework does (or does not) contribute to the development path of developing countries or how best to use these tools in a developing country environment. This study was aimed at initially exploring the effects of ill-gotten money or proceeds of crime and anti-money laundering policies on economic development. The study focused on two developing countries: Malawi, (a low-income country) and Namibia (an upper-middle-income country). The starting point of this analysis is that anti-money laundering is essentially a tool to address criminal activities and that, as a result, understanding criminal activities and how proceeds of crime impact development. The purpose of this study was: (i) to provide an initial answer to the question if and how measures to address proceeds of crime contributes to economic development; and (ii) to develop a framework that enable governments in developing countries to analyze the main sources of ill-gotten money and its effects on the economy.
Download or read book Annual Report written by Bank of Namibia and published by . This book was released on 2008 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cape Verde Namibia and Kingdom of Swaziland written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-09-20 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper focuses on the challenges of small middle-income countries (MIC) in sSub-Saharan Africa (SSA) comprising Cape Verde, Namibia, and the Kingdom of Swaziland. The IMF report summarizes the analytic underpinnings that support the IMF staff’s advice on policies to strengthen macroeconomic stability, foster more inclusive growth, and enhance the resilience of their financial systems. It recommends that macroeconomic policies should aim to rebuild policy buffers to help cushion against large external shocks especially given the prevalence of pegged exchange rate regimes in these economies.
Download or read book Financial Stability Report written by and published by . This book was released on 2008 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Independence for Namibia written by Charles Harvey (M.A.) and published by . This book was released on 1990 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report covers a workshop on monetary independence for Namibia in April 1990 which focuses on the experience and contributions of the governors of the Central Banks of Botswana, Lesotho and Swaziland. (DÜI-Kst).
