WINDHOEK: The World Bank’s Country Director for Namibia, Botswana, Lesotho, South Africa and Swaziland paid a courtesy call on Prime Minister Hage Geingob yesterday.
Asad Alam informed Geingob here that the main purpose of his visit was to seek guidance on the new business plans involving the Ministry of Finance and the National Planning Commission (NPC) for the next four years.
Alam said they are working on the four-year business cycle in consultation with the Minister of Finance, and have been working on a strategy which deals with knowledge services, promoting private investment and building the capacity of the State.
Asked by the Prime Minister what Namibia can benefit from by being a member of the World Bank, Alam said the country can benefit a lot, depending on its demands.
He explained that the country will have access to financial resources from the World Bank, adding that low-income countries benefit with concessional financing, while middle-income countries benefit through non-concessional financing.