Namibia: Govt Debt Up, Private Borrowing Booms

28 October 2011

Windhoek — Government borrowing slightly went up between August and September this year but the central bank is not too worried about it, describing the state's fiscal position as "fairly prudent."

Private sector borrowing is also healthy much to the satisfaction of the Bank of Namibia's Monetary Policy Committee, which says the position "augurs well" for the support of the country's economic recovery.

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