Bank of Namibia and World Bank Deepen Cooperation on Financial Sector Priorities

Bank of Namibia and World Bank Deepen Cooperation on Financial Sector Priorities. The Governor of the Bank of Namibia, Mr Ebson Uanguta, and members of the central bank’s senior management have met with a World Bank Group delegation to discuss priorities and potential areas of cooperation.

The delegation included representatives from the International Finance Corporation and was led by Ms Satu Kahkonen, the World Bank’s Country Director for South Africa, Botswana, Namibia, Lesotho and Eswatini. The meeting provided an opportunity for both institutions to exchange views on Namibia’s evolving economic and financial landscape.

During the engagement, Governor Uanguta outlined the Bank of Namibia’s focus areas for the year ahead. He highlighted ongoing efforts to strengthen the institution’s long term sustainability and ensure it is well positioned to support Namibia’s transition to a new economic environment. At the same time, he reaffirmed the central bank’s core mandate of safeguarding price stability and maintaining financial system stability.

The Governor also shared the Bank’s vision for responding to emerging opportunities in the domestic economy, including developments in the oil and gas sector. These developments were discussed in the context of preparing the financial system to manage change while preserving resilience.

Discussions further explored practical areas where the World Bank Group could provide support. These included capacity building, skills development and policy support, as well as revenue management and climate related considerations within the financial system. Implementation support linked to Namibia’s National Financial Sector Transformation Strategy also formed part of the dialogue.

At the conclusion of the meeting, the World Bank delegation welcomed the continued partnership with the Bank of Namibia. The institution confirmed its commitment to supporting Namibia through institutional capacity building and technical cooperation aligned with the country’s financial sector priorities.