Upper-Middle Income Country – Windhoek Observer

President Hage Geingob has raised awareness on the challenges Namibia face as a developing country during the opening of the 77th United Nations General Assembly (UNGA 77) in New York yesterday. He explained that one of the vulnerabilities facing Namibia is the country’s classification as an Upper-Middle Income Country, which he said makes mobilising resources to finance development goals difficult. “Global debt is at an unprecedented level and interest rates are rising. This reality limits our fiscal space. As we talk about our collective aspirations, we should remain acutely aware of the vulnerabilities facing developing countries. Namibia’s classification as an…