Namibia’s central government debt as a percentage of GDP decreased slightly to 66% at the end of March 2024, down from 67.2% a year earlier. The debt level was influenced by increased Treasury Bill issuances and external debts, including loans from the KFW Development Bank and the AfDB. Economic growth stood at 4.7% in Q1 2024, a decrease from 5.3% in the same period last year.