Namibia seeks to challenge middle-income status

30 Jul 2015 18:20pm
WINDHOEK, 30 JUL (NAMPA) – Namibia will work with friendly countries to promote industrialisation and eradication of poverty, Deputy Prime Minister Netumbo Nandi-Ndaitwah said on Wednesday.
Addressing the Heads of Mission and Commission (members of diplomatic corps) accredited to Namibia, Nandi-Ndaitwah, who is also Minister of International Relations and Cooperation, said the country is looking to promote value addition to natural resources.
In addition to developmental support, she said, Namibia pays attention to trade and investment, particularly in the area of value addition.
“We are aware of the World Bank’s grading of Namibia as an upper-middle income country,” she said, adding that as the diplomats live in the country, they know better and would be able to identify appropriate areas of cooperation.
Nandi-Ndaitwah went on to say income disparities and other inequalities still exist and Namibia seeks to challenge the current lack of access to soft loans for development as a result of the middle-income status.
The meeting was aimed at exchanging views on issues of common interest and concern in the regional and international arenas.
She welcomed the Heads of Mission of Brazil, Japan, Burundi, India, Bangladesh, Germany and Australia, who on Thursday presented their Letters of Credence to President Hage Geingob.