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Economic

NAMIBIA/INEQUALITYBack
[Published: Tuesday October 09 2012]

Namibia told to bridge yawning gaps in inequality

New York, 9 Oct - (ANA) - Namibia still remains beset by “unacceptable” levels of poverty despite its economic and political gains over the last two decades, a United Nations expert has warned. Ms.  Magdalena Sepulveda urged the country  to adopt major structural changes to tackle its levels of inequality.  The envoy pointed out that Namibia had enjoyed political stability and steady economic growth since its independence from South Africa in 1990, adding that the country was also rich in natural resources and boasted a gross domestic product classifying it among the world’s middle-income countries.  Nevertheless, extreme poverty remained prevalent and the country’s developmental policies and programmes had had “very limited success” in improving the situation of the poorest Namibians, she noted.  (ANA)
FA/ANA/9 October 2012--------------
 

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