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AfDB to support Namibia economic governance The African Development Bank (AfDB) has approved a R3 billion loan to burberry outlet cypress finance the Namibia Economic Governance burberry print and Competitiveness Support Programme discount burberry polos (EGCSP), which will support the strengthening of public financial management and improve the quality and efficiency of public sector spending.However, more progress is needed to further reduce unemployment and income inequality. These challenges are compounded by bottlenecks in public financial management (PFM) and the business environment, which limit the pace of industrialisation and economic diversification.In 2016, Namibia recorded a sharp slowdown in real gross domestic product (GDP) growth, from 5.3% in 2015, to 0.2%. As a share of GDP, the fiscal deficit was at 8.3% and the current account deficit at 13.7%, and public sector debt at 39.8% had also markedly increased, while international reserves at 2.8 months of imports were below the international benchmark of three months.
Guided by Vision 2030, the National Development Plan, the Harambee Prosperity Plan and other sector policies and strategies, the government has burberry brand embarked on fiscal consolidation and wide ranging PFM and business environment reforms to address these challenges, which is said to be beginning to yield positive results.The AfDB, in collaboration with other development partners, will continue to support the government bold steps geared towards addressing the country short, medium and long term development challenges.Economic Development Minister Ebrahim Patel has established an advisory panel to develop draft amendments to the Competition Act with a view to bolstering South Africa's legislative capacity of to address "persistently high levels of economic concentration".