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Significance
SWAPO lost its two-thirds majority in the main house of parliament last year and could also see its dominance in the second parliamentary chamber diminished. SWAPO's decline in popular support follows four years of economic stagnation, slow service delivery and a major corruption scandal that saw two former ministers jailed awaiting trial.
Impacts
Almost one-third of job losses this year have been in the tourism industry, which is not expected to recover until at least 2022.
A first post-independence IMF loan (pending formal approval) will help to fund the government's operating expenditure.
The finance minister's burgeoning reputation has been damaged after an underwhelming government-backed fisheries auction.
Keywords:
Namibia,
AF,
economy,
industry,
politics,
social,
election,
health,
opposition,
regional,
corruption,
emergency,
employment,
fiscal,
government,
investment,
judicial,
party,
protest,
tourism,
growth,
foreign investment,
Travel & Tourism
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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