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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
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Urban/Rural Population Projections Source: Namibia Statistics Agency
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Real GDP Growth (%), 1990-2015 Source: Namibia Statistics Agency
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Real Consumption and Investment Growth (%), 2011-2015 Source: Namibia Statistics Agency
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Exports and Imports (N$ millions at constant 2010 prices), 2011-2015 Source: Namibia Statistics Agency
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GDP from the Primary Sector, 2015 Source: Namibia Statistics Agency
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Employment by Major Sector, 2014 Source: Namibia Statistics Agency
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GDP by Industry Sector, 1990-2015 Source: Namibia Statistics Agency
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Fiscal Consolidation Source: Ministry of Finance* 2016/17 projected
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Primary Sector Exports, 2015 Source: Namibia Statistics Agency
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Inequality: Gini Coefficient Source: Namibia Statistics Agency
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Unemployment rate by age group (%), 2014 Source: Namibia Statistics Agency
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Employment-to-Population Ratio by Highest Level of Educational Attainment, 2014 Source: Namibia Statistics Agency
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Population living in poverty (%) Source: Namibia Statistics Agency
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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
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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)
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Medium-Term Policy Response Agenda
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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
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THANK YOU
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