Namibian government proposes to cap its borrowing from central bank

Finance minister asks for five-fold increase to central bank’s capital to pay for new responsibilities


Namibia’s finance minister has introduced a draft law to parliament that will limit how much the government can borrow from the country’s central bank.

Finance minister Calle Schlettwein also proposed increasing the central bank’s capital by a factor of five, and changing the law governing the central bank to recognise the supervisory responsibilities it has had since Namibia’s constitution was changed in 2014.

On March 26, Schlettwein tabled a draft law that will change the maximum amount the

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