{"id":271067,"date":"2019-06-26T12:12:18","date_gmt":"2019-06-26T10:12:18","guid":{"rendered":"https:\/\/informante.web.na\/?p=271067"},"modified":"2019-06-26T12:12:18","modified_gmt":"2019-06-26T10:12:18","slug":"germany-loans-n1-25-billion-to-namibia","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=271067","title":{"rendered":"Germany loans N$1, 25 billion to Namibia"},"content":{"rendered":"<div id=\"js_2\" class=\"_5pbx userContent _3576\" data-testid=\"post_message\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\">\n<p>Zorena Jantze<br \/>\nTHE Federal Republic of Germany entered into an inter-government bilateral agreement which will see Namibia receive N$1, 25 billion dollars to finance projects in priority arears such as securing water supply and infrastructural projects.<\/p>\n<figure id=\"attachment_271071\" class=\"wp-caption alignleft\" style=\"width: 300px\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-271071 size-medium\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/65386191_2314166018650345_7689711035896299520_o-e1561543929952-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/65386191_2314166018650345_7689711035896299520_o-e1561543929952-300x300.jpg 300w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/65386191_2314166018650345_7689711035896299520_o-e1561543929952-150x150.jpg 150w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/65386191_2314166018650345_7689711035896299520_o-e1561543929952-768x765.jpg 768w, https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/65386191_2314166018650345_7689711035896299520_o-e1561543929952.jpg 993w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption class=\"wp-caption-text\">Pictured: Minister of Finance, Calle Schlettwein. Photo: Zorena Jantze<\/figcaption><\/figure>\n<p>At the signing of the agreement with outgoing German Ambassador, Christain-Mathias Sclaga, Finance Minister, Calle Schlettwein stated that the agreements provides to targeted financial cooperation to finance development projects in the priority areas of national developmental, consistent with Namibia\u2019s National Development Plans.<br \/>\nSchlettwein added that the agreement reflects the outcome of the Government-to-Government negotiations and provides for preferential loans for, inter alia, potable water supply and support programme for national road maintenance and rehabilitation.<br \/>\n\u201cThe funding for secure water supply is especially important, given the current pressing needs which are exacerbated by the prevailing drought national disaster.\u201d Schlettwein noted.<br \/>\nThe Agreement shall enable the Government of the Republic of Namibia or another borrower determined jointly by the two Governments to obtain preferential financing from Kreditanstalt f\u00fcr Wiederaufbau (KfW) for projects to support the national development agenda as set out in our National Development Plans in the following focus areas: natural resource management; sustainable economic development; and transport.<br \/>\nGermany remain a major Bilateral Development Cooperating Partner to Namibia despite our country having graduated into the class of Upper Middle Income Countries, which has led to other partners withdrawing, reducing or changing their mode of cooperation with Namibia.<br \/>\nSchlettwein concluded that the targeted loans uptake does not constitute additional borrowing, but means funding for budgeted projects. The disbursements provide for local currency arrangement, which eliminates foreign exchange risks.<\/p>\n\t\t<div class=\"mom-ads-wrap  \">\n\t<div class=\"mom-ads \" style=\"margin-bottom:-14px;\">\n\t\t<div class=\"mom-ads-inner\">\n\t\t\n\t\t\t\t<div class=\"mom-ad\" data-id=\"270911\" style=\"width:728px; height:180px; margin-bottom:14px;\">\n\t\t\t\t\t<a href=\"#\" target=\"_self\"><img loading=\"lazy\" decoding=\"async\" class=\"appear\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/06\/Afroprint.gif\" alt=\"Animated GIFs\" width=\"728\" height=\"180\"><\/a>\n\t\t \t<\/div><!--mom ad-->\n\t\t<\/div>\n\t<\/div>\t<!--Mom ads-->\n\t<\/div>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Zorena Jantze THE Federal Republic of Germany entered into an inter-government bilateral agreement which will see Namibia receive N$1, 25 billion dollars to finance projects in priority arears such as securing water supply and infrastructural projects. At the signing of the agreement with outgoing German Ambassador, Christain-Mathias Sclaga, Finance Minister, Calle Schlettwein stated that the &#8230;<\/p>\n","protected":false},"author":11,"featured_media":271074,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-271067","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Germany loans N$1, 25 billion to Namibia - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"THE Federal Republic of Germany entered into an inter-government bilateral agreement which will see Namibia receive N$1,25 billion dollars to finance projects in priority arears such as securing water supply and infrastructural projects.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/informante.web.na\/?p=271067\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany loans N$1, 25 billion to Namibia - 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