Windhoek: Namibia successfully repaid a N.dollars 14.3 billion Eurobond during the 2025/26 financial year. Delivering the State of the Nation Address in Parliament on Wednesday, President Netumbo Nandi-Ndaitwah stated that the settlement has improved Namibia's international credit standing, and demonstrates fiscal discipline.

According to Namibia Press Agency, the country's foreign exchange reserves currently stand at N.dollars 51.9 billion, providing 3.8 months of import cover. To further strengthen the national financial position, the government has for the first time pursued gold acquisition to diversify these reserves. President Nandi-Ndaitwah informed the House that the Eurobond repayment marked the largest-ever single-day debt payment by the nation, significantly enhancing its international credit standing.

National GDP is projected to grow from 1.7 per cent in 2025 to 3.1 per cent in 2026. To support local businesses, the government has reduced the turnaround time for VAT refunds from 90 days to approximately 30 days. The Head of State also noted that over the past five years, GDP has grown from N.dollars 190 billion to N.dollars 270 billion.