Namibia has completed repayment of its debt to the International Monetary Fund, marking a key milestone in the country’s economic management under President Netumbo Nandi-Ndaitwah.
The government settled a total of $23.9 million, with official figures showing payments reaching $23.8875 million as of March this year. The move is expected to ease external debt pressure and strengthen the country’s financial position.
Officials say clearing the IMF obligation gives Namibia greater fiscal flexibility, allowing more resources to be directed toward domestic development priorities.
The development has been received as a sign of improved public financial management, as the government seeks to stabilise the economy and reduce reliance on external debt.
Namibia now joins a small group of African countries that have cleared their IMF debt, including Mozambique.
Netumbo Nandi-Ndaitwah, 72, became the country’s first female president after winning the December 2024 election with 57 percent of the vote. Her closest rival, Panduleni Itula, secured 26 percent.
A long-time member of the ruling SWAPO, Nandi-Ndaitwah has been active in the party since the age of 14, building a decades-long political career that has now reached the presidency.
