Namibia has achieved remarkable economic growth since 1990, transitioning to an upper-middle-income country in 2008. In the last few years though, its economy has stagnated, and the country has fallen into a recession between 2016 and 2020, exposing the vulnerability of its growth model to external and climate shocks.
Namibia can transform its economy, create jobs, reduce inequality, and recover faster from the impact of COVID-19 by deepening private sector reforms, according to a report launched by the International Finance Corporation (IFC) and the World Bank. The Namibia Country Private Sector Diagnostic (CPSD), launched in Windhoek on Friday, highlights…
A More Competitive Private Sector Could Boost Growth and Jobs in Namibia – World Bank Group Report ifc.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifc.org Daily Mail and Mail on Sunday newspapers.