World Bank2021-04-142021-04-142021-07https://hdl.handle.net/10986/35434Since gaining independence in 1990, Namibia has undertaken an economic transformation and experienced strong economic growth. Despite decades marked by progress, deep underlying challenges remain in Namibia, undermining the prospects for further advancement. Namibia has been in recession since 2016 and public finances have continued to deteriorate. The global COVID-19 crisis is expected to have a substantial adverse economic and social impact.CC BY 3.0 IGODRIVERS OF GROWTHPOVERTY REDUCTIONCONSTRAINTSSUSTAINABLE DEVELOPMENTPRIVATE SECTOR DEVELOPMENTBUSINESS ENVIRONMENTHUMAN CAPITAL DEVELOPMENTLABOR PRODUCTIVITYSERVICE DELIVERYCLIMATE CHANGEENVIRONMENTAL SUSTAINABILITYCLIMATE VULNERABILITYENVIRONMENTAL SHOCKNATIONAL WEALTHMINING INVESTMENTFISCAL TRENDSPRICE VOLATILITYREGIONAL DEPENDENCEINPUT MARKETSUNEMPLOYMENTPOLARIZED LABOR MARKETCOMPETITIONENTREPRENEURSHIPACCESS TO FINANCEHOUSING AFFORDABILITYINFRASTRUCTUREURBANIZATIONINCLUSIVE GROWTHINEQUALITYReportWorld Bank10.1596/35434