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Balance of Payments and International FDI Position in Namibia: FY2019/20
Namibian merchandise export earnings have grown consistently since 2016. The faster growth in export earnings has improved Namibia’s current account balance. The balance of payments has improved and gross official reserves have increased despite the narrowing capital and financial account surplus and decreasing inward foreign direct investment (FDI) inflows. These capital flows have improved Namibia’s balance of payments but deteriorated the country’s net international FDI position. Nonetheless, Namibia’s balance of payments is projected to deteriorate to narrower surplus in the medium-term, which is projected to decrease gross official reserves.