IMF – Windhoek Observer

03 Oct

No to BIG Brotha’ Jauch

ObserverUncategorisedIMF, Namibia

Jackie Wilson Asheeke Namibia is drowning economically. The IMF is on the way to strangle our fiscal free will. Many of our industries have suffered major collapses. People are on half salaries or furloughed with no salary. Now, here comes the demand for BIG yet again. This baffles me. I feel like the ship is sinking and someone in the boat is demanding that everyone must have free shoes. Herbert Jauch, Chairperson of the Economic and Social Justice Trust has consistently supported BIG. Bravo for this principled position. But, on the issue of BIG, we part company. Handing out free…

Dancing with the devil

ObserverNational NewsIMF, International Monetary Fund, Namibia

…Namibia seeks IMF loan And so it begins. The descent of Namibia into the ranks of so many other nations that have mismanaged their affairs, made honest mistakes, been captured by corruption, and suffered unavoidable bad luck has happened. The International Monetary Fund (IMF) is happy to race to the rescue. They have thrown Namibia a radioactive life preserver. The country must decide to either drown or grab the thing. Those are the usual choices when you are forced to dance with the devil. Make no mistake; the IMF is a powerful and effective instrument of western capitalist imperialism. They…

Govt’s loan repayment dilemma

ObserverObserver MoneyCirrus Securities Economist, Eurobond, IMF, Robert McGregor

Staff Writer Namibia’s plan to borrow from the International Monetary Fund (IMF) to help finance its N$21.4 billion deficit could create a repayment predicament if the N$4.5 billion loan is granted. This comes as it emerged that the majority of government debt maturities lie in the next few years, with the first Eurobond maturing in late 2021. “The timeline for repayment is the only real area of any concern, being in 3¼ to 5 years – right between Namibia’s two Eurobond maturities and with a public debt profile where the majority of maturities lie in the next few years. Overall,…