Financial Stability and Macroprudential Oversight

Responsibility for financial stability


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Responsibility for financial stability

Responsibility for financial stability fall under the ambit of the Bank of Namibia and the Namibia Financial Institutions Supervisory Authority (NAMFISA), respectively. It is important to recognise the role of fiscal policy in financial stability too, as the current sovereign debt crises in some Euro Area countries has shown. A sovereign unable to honour its debts puts the whole economy at risk as buyers of government debt tend to be big financial corporations and other governments too.

Currently the role of Financial Stability in Namibia is primarily undertaken by the Bank of Namibia, with input and consultations with NAMFISA, the Ministry of Finance and other partners.

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