Fotostrecke: Fotograf Werner Niebel,           reweni kalender

Government, Moody’s at loggerheads over rating

August 14, 2017, by , New Era, Desie Heita

Finance Minister Calle Schlettwein 1024x787Windhoek-Moody’s Rating Agency has downgraded Namibia’s credit rating, saying the country’s financial standing suggests it would be unable to raise enough funds to pay its debts in coming years.

The United States of America-based rating agency downgraded Namibia’s long term senior unsecured bond and issuer rating to Ba1 from Baa3, saying the country appears unable to honour its debts, and has not put up sufficient policy measures to contain debt and thus looks unable to raise sufficient revenue to fund government expenditures.

Finance Minister Calle Schlettwein, however, expressed serious concern at the sudden downgrade, saying it “essentially put Namibia’s international debt issuance in the category of junk status, an assessment we do not concur with”. He points out that one crucial element that Moody’s ignored is that the country’s foreign exchange reserves increased to 5.3 months of import cover in the second quarter of 2017. “This is a crucial variable in credit worthiness that cannot be ignored. It is puzzling that at a time when Namibia’s import coverage has increased, Moody’s decides to downgrade our credit ratings.”

Click here to read the Ministry of Finance's Media Statement of Friday, 11 August 2017

Moody's Downgrades Namibia's rating to Ba1, maintains negative outlook



In the interest of time, please allow me to respect the protocol that was established by the Director of Ceremonies.

On behalf of the Ministry of International Relations and Cooperation, which I have the distinct honor and privilege to head, I wish to welcome His Excellency Comrade President, former President and all distinguished participants to this historic event, the launch of the Dr. Theo - Ben Gurirab Lecture Series.

The question might be asked, why the Lecture Series? In answering, our President, Namibia's Chief Diplomat will elaborate further on that. Let me however mention that, following the Foreign Policy Review Conference held from 25 - 29 July 2016, and taking into account the over subscription of all the workshops held then, the overarching interest of the general public, especially the youth and academia in global events and how they impact on our domestic policies, the Ministry of International Relations and Cooperation decided to introduce Lecture Series, in order to inform and engage the public about contemporary global events.

The Lecture Series will encourage the population to be involved in shaping Policy on International Relations (Foreign Policy), in relation to Namibia’s development agenda as outlined in our Constitution, Vision 2030 and its NDPs, the SWAPO Party Election Manifesto, the Harambee Prosperity Plan (HPP), complemented by the AU Africa Agenda 2063, and the UN 2030 Sustainable Development Agenda. These Lecture Series will provide an opportunity to reflect on how best we can continue to effectively serve the interests of the Namibian people, contributing to their security, prosperity and wellbeing, as well as the promotion of the country’s values, through its active international engagements.

Topics to be discussed during the Lecture Series will be based on contemporary global events. Presenters will be drawn from Government including Senior Management in MIRCO, the Namibia Association of Former Ambassadors (NAFA), various sectors of society such as academia, civil society, Parliament, private Sector, youth representatives, Diplomatic corps, parastatals etc., and were necessary, international experts. The Lecture Series will be held on a quarterly basis, and the venues for the Series will rotate among the 14 Regions to ensure that no one should feel left out.

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Human beings have been practicing diplomacy for centuries. Since the formation of the first city-states, diplomacy has played its role as one of the defining elements of a state. It is therefore paramount, that every nation positions itself in the global arena, through defining and applying its foreign policy, which will guide its activities and relationships in interacting with other states. On July 25, 2016, when I opened the Conference on the Review of Namibia’s International Relations and Cooperation, I referred to the dynamism of a changing world order and modern day diplomacy. I spoke of an ever changing diplomatic landscape where States are no longer the only role players, but where they have been joined by multilateral institutions, non-governmental organizations, private sector as well as charismatic individuals who are all playing an active role in international relations. It is therefore a pleasure to welcome this evening, a mix of invitees hailing from a variety of professional backgrounds, to the inaugural lecture series named after Dr Theopold-Benjamin Gurirab, the first Minister of Foreign Affairs of the Republic of Namibia.

Foreign policy’s role in promoting a country’s development is a matter of great importance for understanding its national trajectory, especially in the case of an emerging country. The international dynamics that define our modern world have been greatly influenced by the emergence of what are referred to as middle-income nations, or emerging powers, whose main goal both domestically and internationally has been to promote their development and to increase their stature and presence. In a paper titled Foreign Policy and Diplomacy: Diplomacy as a Technique for Foreign Policy, Appu Nath describes Foreign Policy as the key element in the process by which a state translates its broadly conceived goals and interests into concrete course of action to set objectives and preserve interests. Namibia’s goals and interests are defined by our Vision 2030, the supporting National Development Plans, as well as by our Harambee Prosperity Plan. These plans plot the course of our developmental trajectory and the course on which we would like to take our country during the next several decades.

It is therefore crucial that our Foreign Policy speaks to these domestic goals and help translate them into concrete actions which will help achieve our developmental objectives. Today, we need to go beyond the dictionary definition of foreign policy as “a policy pursued by a nation in its dealings with other nations, designed to achieve national objectives.” It must also have a larger dimension of global welfare – we need to be involved in the Southern African Development Community for the welfare of our region; in the African Union for the welfare of Africa, and in other agencies, including the United Nations and its agencies dealing with international issues. We need to be concerned about conflicts, drought, and refugee problems in Africa and beyond. We need to work relentlessly to address the challenges of global warming, global trade, and terrorism.

This decade has posed many foreign policy challenges for a country that anchors its foreign policy in principles it shares with the United Nations. During this decade we have seen economic boom and bust, increased social and economic inequality, challenges to human rights, terrible poverty, intractable wars in many parts of Africa, and the Middle East, refugee problems, threats of terrorism, evolution of social media and the resulting change in the dynamics of democracy, challenges posed by climate change, isolationist policies of certain states, threats to global trade and other international agreements. These are the challenges that impact upon what is in the interest of our country and the principles we stand for.

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Media Statement by His Excellency Dr Hage Geingob, President of the Republic of Namibia, 31 July 2017

To read the President's Media Statement, please click here....



Please find below the Embassy's bank account details for the transfer of visa fees:

Hierunter finden Sie die Kontodaten zur Überweisung der Visagebühren:

Botschaft der Republik Namibia
Commerzbank Berlin
Bankleitzahl: 10040000
Konto-Nr.: 0262575400
IBAN: DE82 1004 0000 0262 5754 00

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