BANK OF NAMIBIA APPOINTS TWO NEW MEMBERS TO THE MONETARY POLICY
COMMITTEE

1. The Bank of Namibia has appointed two new members to its Monetary Policy Committee (MPC), in furtherance of its mandate to formulate and implement monetary policy aimed at safeguarding price stability, in accordance with Section 28
of the Bank of Namibia Act.
2. Dr John Steytler, a distinguished economist, has been appointed as the first independent member of the Monetary Policy Committee for a three-year term. A former senior official of the Bank of Namibia, where he served, among other roles, as
Chief Economist and Director of Research, Dr Steytler brings more than three decades of national and international experience to the Committee.

3. His career includes service as Chief Executive Officer of the Development Bank of Namibia, Economic Advisor to the President, and founding Statistician General and CEO of the Namibia Statistics Agency. Internationally, he served as a Senior Advisor to the Executive Director of Africa Group 1 Constituency at the International Monetary Fund, contributing to macroeconomic stability initiatives in countries including The Gambia, Botswana, Zambia, and Sudan. These assignments deepened his understanding of structural economic challenges across the continent and honed his ability to design robust policy solutions. A respected public intellectual, Dr Steytler brings to the MPC a rare combination of analytical depth, technical expertise, and practical policy experience. He holds a PhD in Economics, among other academic qualifications.