01805cas a2200253 a 4500 AALejournalIMF021743 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513576923 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Namibia : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Namibia. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (47 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 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. Mode of access: Internet Namibia imf IMF Staff Country Reports; Country Report ; No. 2021/076 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/076/002.2021.issue-076-en.xml IMF e-Library