01797cas a2200241 a 4500 AALejournalIMF018343 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484347089 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Namibia : Financial System Stability Assessment. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (71 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/077 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/077/002.2018.issue-077-en.xml IMF e-Library