Germany and Namibia sign financial, technical agreement
29 Jul 2014 14:40pm
WINDHOEK, 29 JUL (NAMPA) - Germany and Namibia on Monday signed a financial and technical cooperation agreement which will help reduce poverty and unemployment.
The Director-General of the National Planning Commission (NPC), Tom Alweendo said in his remarks that the focal areas of the agreement were to support the Namibian Government in its efforts to reduce poverty and unemployment, improve Namibians overall living conditions, strengthen the countrys infrastructure and foster economic development.
The financial assistance, in the form of grants amounting to approximately Euros 36 million (N.dollars 511 million) is earmarked for integrated national parks management; labour- based construction of district roads, and financial contributions for attendant measures necessary to implement and support the development of financial institutions; as well as for an Access and Benefit-Sharing (ABS) Research and Development Centre.
It also comprises a technical contribution to the tune of approximately Euros 37,2 million (N.dollars 525 million) in the form of personnel and input, which will be channelled to projects such as land reform and land management; multi-sectoral HIV/AIDS response; institutional development and management capacity in the road sector; a Partnership for Economic Growth (PEG) Programme; and also for the promotion of Vocational Education and Training.
The technical contribution will furthermore go towards promoting competitiveness for inclusive growth; supporting land reform and land management; biodiversity management and climate change; and groundwater management and adaptation to climate change in northern Namibia under the Special Energy and Climate Fund.
The German Ambassador to Namibia, Onno Hückmann assured Alweendo that Germany would remain a reliable development partner for Namibia in the attainment of the countrys National Development Plan objectives, and the overall achievement of Vision 2030.