Title:

Macroeconomic Assessment of the Impacts of COVID-19 on Tourism in Namibia and Strategic Recommendations for the Recovery and Revival of the Sector

Author(s):
Publication Year:
2020
Abstract:

Tourism is a priority sector in Namibia's Fifth National Development Plan (NDP) and a key contributor to employment and gross domestic product. This report aims to assist policymakers in the Ministry of Environment, Forestry and Tourism (MEFT) to better understand the macroeconomic effects of the ongoing COVID-19 pandemic and to provide strategic guidance for rebuilding and reviving the tourism sector. In order to achieve this, we combine qualitative and quantitative data analysis alongside a computable general equilibrium (CGE) model of Namibia to estimate the economy-wide impacts of the pandemic, provide a medium-term macroeconomic baseline outlook and to test the impact of proposed policy interventions. Evidence-based decision making is important to ensure the credibility of the response by policymakers and optimal allocation of scarce resources. With tourism and its related activities uniquely exposed to the pandemic, policymakers and stakeholders must act quickly and creatively to safeguard the immediate future of the sector and the livelihoods of those that depend on it.

Item Type:
Report
Language:
en
Files: