President Hage Geingob says Namibia’s classification as an upper-middle-income country has stifled the country’s developmental aspirations.
Geingob expressed his views while addressing delegations at the third International Conference on Financing for Development in Addis Ababa, Ethiopia, yesterday.
Condemning the classification, Geingob said the definition is flawed and calculation of the country’s economic development has been unfairly done.
“We are now being punished and our developmental aspirations are being stifled,” the President said.
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