• Reference: P-NA-KA0-001
• Appraisal Date: 15/10/2011
• Board Presentation: 02/01/2012
• Status: LendingLEND
• Implementing Agency: MINISTRY OF FINANCE
• Location: REPUBLIC OF NAMIBIA

The components of the operation are in the process to be defined; they will be agreed with the GoN by March 2010

Sustain Namibia's efforts cope with the negative effects of the global financial crisis

Promote the diversification of the economy and rede the dependency of Namibia's economy on imports.

Improve Governance and public sector efficiency

Rationale for Bank Group Intervention: Inadequate capacity in both the public and private sectors has been identified as one of the main bottlenecks for sustainable development in Namibia. The shortage of suitably trained entrepreneurs in either vocational or business disciplines is a major disadvantage of the small business sector in Namibia. Not only are these businesses poorly managed, but the products or services they make or sell also leave much to be desired. In order to attain the objectives of Vision 2030 and NDP3, the capacities of the private sector, including small and medium scale enterprises (SMEs) must be developed. It is essential that the Bank supports vocational training for both the public and private sectors, including the provision of opportunities for entrepreneurship training to SMEs.

Namibia imports about 65% of its food requirements. Therefore, a considerable proportion of Namibia's population can be considered as vulnerable and food insecure with an estimated 23% of the population suffering from under-nourishment. At least 80% of the rural population are engaged in agricultural activities as subsistence farmers but the share of agriculture in GDP is about 6% reflecting low productivity in the sector. The Bank's intervention seeks to reduce this dependence and enhance productivity and the attainment of food security and diversification into production and exports of high value agricultural products through irrigation based agronomic production to mitigate the adverse effects of drought which has been cited as a development challenge. The intervention will also seek to attain sustainable livestock improvement through optimal and sustainable utilization of rangeland.

Furthermore, Namibia will continue to play a crucial role in regional integration by developing partnership with other SADC members in developing regional infrastructure, facilitating cross border trade and investment and building capacity in trade.

The polulation of Namibia

LIM Christian - OSGE2

Amount
UAC 600,000