Our president, Hage Geingob, has repeatedly complained about the classification of Namibia as an upper middle income country by the Bretton Woods institutions. The president argues that this classification denies Namibia access to soft loans and grants. He further states that Namibia needs concessional loans and grants to fight poverty and inequality. The president reasons...
Staff Reporter NAMIBIA continues to be classified as an upper middle-income country because of its high per capita income, a situation that President Hage Geingob described as unfair. Geingob delivered a statement on the occasion of the Sustainable Development Summit High Level Dialogue in New York, USA, on Tuesday. Here follows the full text of...
CHAMWE KAIRA Namibia has maintained its upper middle income country status in the World Bank Group country classifications by income level for the financial year 2024 from 1 July 2023 to 30 June 2024. In terms of comparison with its peers in the Southern African Development Community, South Africa was also rated as an upper...