The objectives of Namibia’s development finance assessment were twofold. First, provide the Government of Namibia with a complete understanding of existing development finance flows and underlying policies and institutions. Second, develop recommendations to guide the design of an integrated national financing framework and reforms that will mobilise finance from private and public sources.
Namibia has shown steady socio-economic progress as reflected by rising income per capita, declining poverty levels, general improvement in human development outcomes and improved service delivery. However, the country still faces challenges that threaten to reverse past achievements if not addressed promptly. These challenges include, among others, high levels of inequality, unemployment, and underinvestment in core infrastructure, such as water and energy.
The following recommendations can sum up the main takeaways from this DFA:
- Develop a holistic financing strategy
- Enhance domestic resource mobilisation
- Improve the business environment to support private sector development
- Establish a Project Development Facility (PDF)
- Strategic use of ODA and new sources of finance
- Strengthen monitoring and evaluation
- Develop a responsive accountability and enforcement system
- Make the existing dialogue architecture more inclusive
