Windhoek: The Bank of Namibia (BoN), in collaboration with the Ministry of Industries, Mines and Energy, the Ministry of Justice and Labour Relations, and the United Nations, is expected to launch the National Diagnostic of Informality in Namibia Report on Tuesday in the capital.

According to Namibia Press Agency, a statement by BoN's Governor, Dr Johannes !Gawaxab, noted that the report seeks to enhance the nation's understanding of the informal economy, emphasising its characteristics, extent, and the main factors contributing to its ongoing presence. The report aims to identify practical pathways and strategic interventions to address challenges associated with informality, while exploring opportunities for inclusive growth and sustainable development.

The statement also mentioned that the report provides important information and analysis to assist policymakers, development partners, and stakeholders in creating specific policies and programmes to encourage formalisation and strengthen the economy. It highlights how informality affects income security, access to social services, taxation, and regulatory compliance, thereby impacting social equity and economic stability. Recognising the importance of addressing these issues, the report aims to serve as a foundation for designing effective interventions that promote formalisation, enhance economic participation, and support social development.

The launch event will bring together government officials, development partners, private sector representatives, and other key stakeholders to discuss the findings and implications of the report. It will also serve as a platform to foster dialogue, share insights, and build consensus on strategic actions needed to harness the full potential of Namibia's informal economy for sustainable national growth.