The Impact of High and Growing Government External Debt on Economic Growth of Namibia PDF Download
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Author: Hashali Fillemon
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Book Description
The thrust of this study was to investigate and analyses the impact of high and growing government external debt on the economic growth of Namibia by using secondary data from Bank of Namibia, IMF and World Bank. Over the first five years the country went through one of the longest and largest boom periods, thereafter the bottom fell out, and it's now clear with the strongest and most sustained growth levels seen since independence, thereafter the bottom fell out, and as is now clear, much of this growth was driven by debt, both public and private. This result indicates that for Namibia, external borrowing has had an influence on the country's Gross Domestic Product (GDP). In this regard, effective debt management policies and strategies aimed at reducing the cost and risks associated with external debt are a must for ensuring a sustainable path of external debt to promote economic growth.
Author: Hashali Fillemon
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Book Description
The thrust of this study was to investigate and analyses the impact of high and growing government external debt on the economic growth of Namibia by using secondary data from Bank of Namibia, IMF and World Bank. Over the first five years the country went through one of the longest and largest boom periods, thereafter the bottom fell out, and it's now clear with the strongest and most sustained growth levels seen since independence, thereafter the bottom fell out, and as is now clear, much of this growth was driven by debt, both public and private. This result indicates that for Namibia, external borrowing has had an influence on the country's Gross Domestic Product (GDP). In this regard, effective debt management policies and strategies aimed at reducing the cost and risks associated with external debt are a must for ensuring a sustainable path of external debt to promote economic growth.
Author: David Mpunwa
Publisher: GRIN Verlag
ISBN: 3346145891
Category : Business & Economics
Languages : en
Pages : 49
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Book Description
Academic Paper from the year 2020 in the subject Economics - Case Scenarios, grade: Masters, , course: Research Paper, language: English, abstract: It is the purpose of this paper to unravel the oscillations and vacillations of foreign direct investment, debt, unemployment to economic growth nexus. The nexus of good governance, unemployment, economic growth and FDI is essential. Good economic governance shows a positive effect on growth, attracts FDI, reduces unemployment and attracts economic growth. Bad economic governance is inclined to reduce economic growth, increases unemployment, reduces FDI, cause people to languish in debts and delays people in the investment process. A positive sign of corruption indicates that the higher the corruption, the lower the inward FDI. The researcher disagrees that corruption is suitable for foreign investors. The pendulum is tilted where investors prefer not to invest in countries with high corruption where there is a lack of enforcement laws. Further, foreign investors have created an ecosystem where local small businesses cannot compete. More worrying is the state's credit rating that has seen a consistent downgrade by major credit rating agencies, which now stands at sub-investment grade, or what is referred to as "junk status". The main reasons quoted for this declivity was going to the dogs of Namibia's financial robustness due to massive fiscal lopsidedness, an astronomic debt excess baggage and limited enterprise capacity to manage shocks and address long-term structural pecuniary rigidities. There has been a rift between the youth haves and have-nots in term of job allocation. The total household debt in Namibia is made up mostly of mortgages, car loans, student loans and credit card debt. The car loans, mortgages, credit cards and student loans make up most of 95% of Namibia household debt.
Author: Alosia T. IItula
Publisher:
ISBN:
Category : Debt relief
Languages : en
Pages : 140
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Book Description
Author: Hoster Bebi
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 32
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Book Description
Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815453
Category : Business & Economics
Languages : en
Pages : 403
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Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1513513907
Category : Business & Economics
Languages : en
Pages : 106
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Book Description
This 2019 Article IV Consultation with Namibia discusses that with the temporary stimuli now ended, the economy is rebalancing while the government is implementing a significant fiscal consolidation. A likely slow recovery, the need for further fiscal adjustment to bring public debt to a sustainable path, persistent inequalities and structural impediments to growth, point to a challenging outlook. Immediate measures are needed to deliver the authorities’ fiscal adjustment plans and bring public debt to a sustainable path. Policies should combine spending reductions and revenue increases that support long-term growth. Better targeting of cash transfers would protect the poor. Structural reforms are urgently needed to strengthen productivity and external competitiveness and boost long-term growth. Reforms should streamline business regulations, contain public sector wage dynamics, and reduce costs of key production inputs. Over time, it is important to remove non-tariff barriers to exports, foster the adoption of new technologies, and address shortages of skilled workers.
Author: Per-Åke Andersson
Publisher: Nordic Africa Institute
ISBN: 9789171064622
Category : Business & Economics
Languages : en
Pages : 144
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Book Description
A study which discusses the structural problems in Zambia and the policies of adjustment that have been tried. It also analyses the impact of various strategies with regard to external resource transfers. The results show that the scope for growth is highly dependent on the tightness of the external resource constraint, and that debt service tends to dominate the policy-making.
Author: Samba Mbaye
Publisher: International Monetary Fund
ISBN: 1484353595
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
This paper describes the compilation of the Global Debt Database (GDD), a cutting-edge dataset covering private and public debt for virtually the entire world (190 countries) dating back to the 1950s. The GDD is the result of a multiyear investigative process that started with the October 2016 Fiscal Monitor, which pioneered the expansion of private debt series to a global sample. It differs from existing datasets in three major ways. First, it takes a fundamentally new approach to compiling historical data. Where most debt datasets either provide long series with a narrow and changing definition of debt or comprehensive debt concepts over a short period, the GDD adopts a multidimensional approach by offering multiple debt series with different coverages, thus ensuring consistency across time. Second, it more than doubles the cross-sectional dimension of existing private debt datasets. Finally, the integrity of the data has been checked through bilateral consultations with officials and IMF country desks of all countries in the sample, setting a higher data quality standard.
Author: Mr.Barry J. Eichengreen
Publisher: International Monetary Fund
ISBN: 1484392892
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes resulted in debt-management problems resolved through debasements and restructurings. Less widely appreciated are successful debt consolidation episodes, instances in which governments inheriting heavy debts ran primary surpluses for long periods in order to reduce those burdens to sustainable levels. We analyze the economic and political circumstances that made these successful debt consolidation episodes possible.
Author: World Bank
Publisher: World Bank Publications
ISBN: 1464816662
Category : Business & Economics
Languages : en
Pages : 339
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Book Description
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
