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World Bank wants Namibia to derive more benefits |
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Written by Staff Reporters
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The World Bank wants Namibia to derive more benefits from
the bank's vast resources.The Bretton Wood institution
held a two-day immersion workshop recently in the country on its operations,
which was aimed at providing the government an opportunity to learn more about
the work of the bank.
The workshop came up with a business plan, which will be
used to identify development activities to be implemented for the next two
years.
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| Johannes Mueller (left),
who led the International Monetary Fund delegation to Namibia last year, with
the Minister of Finance Sara Kuugongelwa-Amathila. |
Country Director Ritva Reinikka said openness was one of the
bank's core beliefs with the bank holding information sharing workshops across
the world.
Reinikka said Namibia needs to use the bank's resources
because even countries such as China Brazil and Mauritius were benefiting.
Namibia is regarded as a middle-income country not
qualifying for soft loans from the bank but the country benefits from the
bank's technical assistance such as in the education sector.
The bank and the government earlier this month signed a
financial support agreement of US$15 million for the Education and Training
Sector Improvement Programme (ETSIP).
The World Bank has been supporting the country's education
sector since 2003.
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