Publication:
Creating Markets In Namibia : Creating Resilient and Inclusive Markets - Country Private Sector Diagnostic

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dc.contributor.authorInternational Finance Corporation
dc.date.accessioned2022-11-22T18:57:20Z
dc.date.available2022-11-22T18:57:20Z
dc.date.issued2022-07
dc.description.abstractSince achieving independence in 1990, Namibia’s remarkable growth has been fueled by foreign direct investment and enabled by prudent economic management. Since 2016, however, growth has declined steadily and the economy fell into recession, exposing the vulnerability of Namibia’s economic growth model to external and climate shocks. These challenges were exacerbated by the Coronavirus (COVID-19) pandemic, an economic slowdown in neighboring South Africa, worsening terms of trade on the back of declining global demand and commodity prices, a decline in Southern African Customs Union (SACU) revenues, and the effects of crippling droughts on agricultural and industrial production. Namibia has very high levels of poverty and inequality, which are largely driven by high levels of unemployment. The primary objective of this Country Private Sector Diagnostic (CPSD) is to identify near and medium-term reform opportunities to revitalize the private sector and help reposition Namibia’s growth on a green, resilient, and inclusive trajectory. This CPSD explores priority reform opportunities to address five cross-cutting bottlenecks: (1) enhancing the role and performance of the state-owned enterprise (SOE) sector through a more effective competition policy environment; (2) strengthening implementation of the public-private partnership (PPP) framework to expand private investments, especially in infrastructure; (3) leveraging the potential for digital transformation of the economy; (4) addressing inefficiencies in logistics and trade facilitation; and (5) tapping opportunities in the water sector for green and resilient growth. The diagnostic then looks in depth at three sectors prioritized by the Namibian government - renewable energy, climate-smart agribusiness, and housing, and provides recommendations for reducing sector-specific bottlenecks to stimulate growth potential.en
dc.identifierhttp://documents.worldbank.org/curated/en/099850311112236455/IDU0ff2db1400403c046b2099a300571336f9a6d
dc.identifier.doi10.1596/38334
dc.identifier.urihttps://hdl.handle.net/10986/38334
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesCountry Private Sector Diagnostic;
dc.rightsCC BY 3.0 IGO
dc.rights.holderInternational Finance Corporation
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE INVESTMENT
dc.subjectDIGITAL TRANSFORMATION
dc.subjectWATER SECTOR
dc.subjectGREEN GROWTH
dc.subjectRENEWABLE ENERGY
dc.titleCreating Markets In Namibia : Creating Resilient and Inclusive Markets - Country Private Sector Diagnosticen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleCreating Markets In Namibia : Creating Resilient and Inclusive Markets - Country Private Sector Diagnostic
okr.date.disclosure2022-11-11
okr.date.doiregistration2025-05-07T12:09:22.530440Z
okr.date.lastmodified2022-11-11T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::PSD, Privatization and Industrial Policy
okr.docurlhttp://documents.worldbank.org/curated/en/099850311112236455/IDU0ff2db1400403c046b2099a300571336f9a6d
okr.guid099856011112230731
okr.guid099850311112236455
okr.identifier.externaldocumentumIDU-ff2db140-403c-46b2-99a3-0571336f9a6d
okr.identifier.internaldocumentum33935615
okr.identifier.report177717
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099850311112236455/pdf/IDU0ff2db1400403c046b2099a300571336f9a6d.pdfen
okr.region.administrativeAfrica Eastern and Southern (AFE)
okr.region.administrativeAfrica
okr.region.countryNamibia
okr.region.geographicalSouthern Africa
okr.topicPrivate Sector Development::Private Sector Economics
okr.topicAgriculture::Agribusiness
okr.topicEnergy::Renewable Energy
okr.topicFinance and Financial Sector Development::Housing Finance
okr.unitF&B CAF (CBAAF)
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