BIS Review 114/2006  1  •  The third is our rising debt level - the Strategic Development Plan for 2007 to 2011 has a strong commitment to lower the fiscal deficit to around 2 percent of GDP and this is expected to help bring the level of Government debt down to 45 percent of GDP by 2011.
Bank of Namibia and NAMIFISA are also currently working on the Consumer Credit Bill which will regulate all consumer credit related issues and consolidate outdated laws regulating credit such as the Credit Agreements Act of 1980 and the Usury Act of 1968. The second issue is Financial Literacy and Capability. 8. The importance of Financial Literacy cannot be overemphasized.