Print

Tuesday, 02 July 2013

EU to scale down aid in Namibia

Namibia will be one of the countries affected by the EU’s decision of scaling down the funds to be received by some nations under the €31 billion 11th European Development Fund for African, Caribbean and Pacific countries (approved by the EU for the next seven years), due to the new focus on fragile states, Devex informs.
This new focus corresponds to the direction underlined in the bloc’s so-called Agenda for Change.
Even if it has not been confirmed which and how many countries will benefit of smaller amounts,  Devex announced last month that in the next seven years Namibia will be getting less funds than the €125 million it received under the previous EDF (2007-2013). This is to be seen as a positive sign that the country is doing well in its development endeavours, an EU official is reported to have said.
Namibia is now classified by the EU as a middle-income country like its neighbour South Africa.
Namibian Prime Minister Hage Geingob said that the aid shortfall will be a challenge, but the country will learn to less dependent on foreign assistance even if calling Namibia a high-income country — as some have suggested — is a “wrong calculation”.

Source: www.devex.com