WINDHOEK: The Director-General (DG) of the National Planning Commission (NPC) Tom Alweendo on Friday expressed concern about Namibia’s declining economic competitiveness.
In the Global Competitiveness Report published recently, the World Economic Forum (WEF) ranked Namibia’s competitiveness in 92nd position out of 144 countries.
Alweendo said in a media statement issued here on Friday that the loss of economic competitiveness is more distressing, because it has now become a trend.
In 2010/11, Namibia was ranked 74th, and 83rd in 2011/12.
He explained that one of the binding constraints to sustainable high economic growth and employment-creation identified under the National Development Plan (NDP) Four is that of economic competitiveness.
“One of the desired outcomes of NDP4 is, therefore, to become the most competitive economy in the Southern African Development Community (SADC) region by 2017 by addressing the institutional environment,” he noted.
Alweendo said among the issues identified to be addressed are the improvement of the general business environment, cost of doing business, access to finance, skills’ availability, labour market efficiency, public service delivery and cooperation between the public and private sectors.
Without successfully addressing these issues, Namibia’s economic competitiveness will continue to deteriorate, and the vision of being an industrialised nation will be under threat to become a nightmare, he stressed.
“It is, therefore, incumbent upon all of us that are tasked with the responsibility of realising our vision to appreciate that we are running out of time. The good is, however, that we now do have a plan in place on how to realise our vision.
All what is required of us is to ensure that we implement the plan on an urgent basis,” the NPC DG stressed.
The NPC is hard at work to ensure that all sectors are aware of what is required of them in order to fully implement NDP Four.