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THE INSTANT PAYMENT REVOLUTION

Money moves the economy, but the speed and accessibility with which it flows can determine who participates in it. Around the world, countries are modernising their payment systems to make transactions faster, safer and more inclusive. Namibia took a decisive step in that direction in 2024 with the launch of the Instant Payment Programme (IPP), an initiative led by the Bank of Namibia to build the country’s first national instant payment infrastructure.
 

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05/03/2026 | Marsorry Ickua

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Reflections from the February 2026 Monetary Policy decision

I chaired my first Monetary Policy Committee (MPC) meeting and subsequently announced our nanimous decision to keep the current policy rate unchanged. This marked a significant milestone in my tenure as Governor, both a professional honour and a profound responsibility. Our collective decision as MPC members comes against a backdrop of heightened uncertainty, with the average long-term global growth trend remaining at historic lows.

Escalating trade tensions were the order of 2025, particularly the announcements of tariffs which created significant headwinds at the initial stage with direct implication for international trade.

Overtime, policymakers across key economies have somewhat come to the realisation that the growing protectionist economic policies are the “new normal”. These policies are limiting investment and disrupting global trade, with forecasts1 indicating that global trade growth will remain limited to just about 0.5 to 1.0 percent in 2026.

 

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18/02/2026 | Ebson Uanguta

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Economic fallout of the Middle East conflict as a primary driver of global policy

In my latest blog, I wish to offer some reflections following the recent 2026 IMF/World Bank Spring Meetings. The just ended Spring Meetings was dominated by a sobering outlook, highlighting a global economy underpinned by sluggish growth, persistent inflation, and heightened risks from geopolitical fragmentation. According to the IMF’s latest World Economic Outlook (WEO), global economic growth is projected to slow to 3.1 percent this year and could drop further if the consequences of the war in the Middle East prove more severe than currently anticipated.

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27/04/2026 | Ebson Uanguta

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Climate change, nature degradation and the central bank mandate

Climate change and nature degradation are becoming harder for central banks and supervisors to regard as matters outside their mandate. Their relevance arises from the ways in which they affect macroeconomic conditions, financial stability and the functioning of the financial system.

Physical climate events, including droughts, floods and extreme weather, can disrupt production, damage infrastructure and increase volatility in sectors such as agriculture, energy and transport. These disruptions can place pressure on prices, affect output and add complexity to the conduct of monetary policy. At the same time, climate and nature-related risks can weaken asset and collateral values, expose vulnerabilities in the banking sector and reduce the resilience of the wider economy. In this sense, the question for central banks is no longer whether these issues matter, but how to address them in a way that remains firmly anchored in their mandates.

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27/04/2026 | Naufiku Hamunime

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