However, further depreciation of the local currency and higher anticipated food prices due to drought are expected to counter the benefits from lower international oil prices and should push inflation to breach the upper end of the South African Reserve Bank (SARB) target range of 3-6%. Benefiting from its strong links to South Africa, Namibia attracts more investment than average sub-Saharan countries. However, to accelerate convergence with high-income countries in line with its current National Development Plan, the authorities need to address remaining structural bottlenecks. Having passed a new Public Procurement Law in 2015, work on Public Finance Management law must be speeded up to reinforce economic governance.