The German government says it has committed additional support of N$4.17 billion to Namibia as grants and loans for bilateral technical and financial cooperation for the 2021-2022 period.
The European economic giant has already provided N$61.8 million for the year 2021 ahead of this year’s intergovernmental negotiations which took place in Windhoek from 20 to 21 October, between a delegation from the German Federal Ministry for Economic Cooperation and Development and representatives of the Namibian government.
The Head of the German delegation, Alois Schneider (Head of the Division Southern Africa), said additional funding will support Namibia in its endeavor to achieve sustainable development and inclusive green growth to reach the common goal of overcoming poverty and inequality.
“The Harambee Prosperity Plan II, with its clear focus on investment, is an excellent plan for job creation, economic recovery and advancement,” he said.
According to figures availed to The Brief, German has provided over N$8.1 billion in funding to Namibia from 2016-2019.
Focal Areas of Development Cooperation are:
- Sustainable economic development, including private sector development and vocational training
- Natural resource management, including support to protected areas and rural communities
- Inclusive and sustainable urban development, addressing the urgent need for action in informal urban settlements.
