WINDHOEK, April 2 (Xinhua) -- Namibia's central government debt rose to 164 billion Namibian dollars (about 8.8 billion U.S. dollars) by the end of December 2024, marking a 10.2 percent increase from the start of the 2024/25 fiscal year, the Bank of Namibia has released.
The latest quarterly bulletin, released on the central bank's website on Monday, said that the increase was driven by domestic borrowing through treasury bills and bonds, while foreign debt also rose due to currency depreciation.
