NAMIBIA WISHES TO BENEFIT FROM UN TECH BANK

WINDHOEK-- Namibia wishes to benefit from the United Nations Technology Bank to enable it to identify the location of drought and flood areas in a timely manner, says President Hage Geingob.

Speaking during the general debate of the 73rd Session of the United Nations (UN) General Assembly in New York City on Wednesday, Geingob said as a dry and arid country often affected by seasonal droughts and floods, Namibia had stepped up its efforts to implement the UN's Sustainable Development Goals in critical areas such as energy, water and terrestrial ecosystems.

"In this respect, Namibia wishes to benefit from the assistance rendered through the Technology Bank established on 04 June 2018 in Istanbul, to enable the timely identification of spatial locations of drought and flood areas," he said.

The Technology Bank for Least Developed Countries is the instrument for the least developed countries (LDCs) to promote their full integration into the world economy, promote social progress and build resilience through science, technology and innovation.

Geingob also said Namibia recognizes that there are existing and emerging threats and challenges that continue to frustrate the country's individual and collective efforts to achieve greater economic development and social progress.

He added that while Namibia had seen sustained economic growth over much of the last 10 years, its level of unemployment remains high, despite fast reductions in such levels from 28,8 per cent to 17,4 per cent.

He added that Namibia's classification as an "upper-middle income" nation therefore negatively impacts its taxonomy as it prevents the country from accessing global development assistance and affordable and concessional finance available to low-income countries.

"The situation has the potential to jeopardise efforts in Namibia and other developing countries to fully achieve the 2030 Agenda for Sustainable Development," Geingob said.

Source: NAM NEWS NETWORK