Republic of Namibia Namibia’s Political Economy and Development Policy Frameworks HONOURABLE CARL H G SCHLETTWEIN (MP) MINISTER OF FINANCE 10 th of May,

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Presentation transcript:

Republic of Namibia Namibia’s Political Economy and Development Policy Frameworks HONOURABLE CARL H G SCHLETTWEIN (MP) MINISTER OF FINANCE 10 th of May, 2016

Urban/Rural Population Projections Source: Namibia Statistics Agency

Real GDP Growth (%), Source: Namibia Statistics Agency

Real Consumption and Investment Growth (%), Source: Namibia Statistics Agency

Exports and Imports (N$ millions at constant 2010 prices), Source: Namibia Statistics Agency

GDP from the Primary Sector, 2015 Source: Namibia Statistics Agency

Employment by Major Sector, 2014 Source: Namibia Statistics Agency

GDP by Industry Sector, Source: Namibia Statistics Agency

Fiscal Consolidation Source: Ministry of Finance* 2016/17 projected

Primary Sector Exports, 2015 Source: Namibia Statistics Agency

Inequality: Gini Coefficient Source: Namibia Statistics Agency

Unemployment rate by age group (%), 2014 Source: Namibia Statistics Agency

Employment-to-Population Ratio by Highest Level of Educational Attainment, 2014 Source: Namibia Statistics Agency

Population living in poverty (%) Source: Namibia Statistics Agency

Medium-Term Policy Response Agenda To realize Vision 2030, Harambee PP commits to the following targeted interventions:  Improving skills and quality of educational outcomes  Expanding manufacturing base, tapping regional integration  Promoting Growth at Home and export-led growth  Fostering a conducive investment climate  Eradicating poverty through income generation and social protection

Medium-Term Policy Response Agenda  Implement growth-friendly fiscal & monetary policies  Do things differently; Implement Harambee PP  Mobilize Domestic Resources to finance development  Implement structural reforms to optimize outcomes: (PPP Policy, Public Enterprises, NEEEF, Public Procurement, Financial Sector reforms)

Medium-Term Policy Response Agenda

Conclusion  Namibia has made significant progress since 1990  Structural constraints in core areas remain, but are surmountable  Addressing the constraints require a new norm, better targeting and urgency in a globalized world  The Harambee Prosperity Plan offers prioritization for a new development paradigm

THANK YOU