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Private sector credit extension (PSCE) annual growth came to 1.8% in July 2024, unchanged from the previous month. On a monthly basis, resident PSCE remained flat after last month's contraction of 0.6%. Meanwhile, Namibia's stock of international reserves increased 5.5% (NAD3.1 billion) m/m, reaching a new all-time high of NAD60.8 billion.