Bank of Namibia Strengthens Commitment to Climate Resilience at Global Summit. As climate risks continue to impact global economies, the Bank of Namibia (BoN) reaffirmed its dedication to integrating sustainability into financial policies at the recent Network for Greening the Financial System (NGFS) Annual Plenary Meeting in New Delhi, India. The event gathered over 200 central bankers and supervisors from more than 60 countries, underscoring the urgency of climate adaptation, a particularly relevant issue for Namibia.
Representing the Bank of Namibia were Mr. Marsorry Ickua, Officer in Charge, and Ms. Naufiku Hamunime, Technical Expert: International Relations and Sustainability. Their participation highlighted Namibia’s commitment to sustainable finance, ensuring that climate-related risks are factored into the country’s monetary and regulatory framework.
In a related development, a delegation from the International Monetary Fund (IMF), led by Mr. Jaroslaw Wieczorek, recently visited Windhoek and emphasized the economic consequences of climate change. While Namibia’s real GDP grew by 3.5% in 2024, the 2023/24 drought severely impacted agricultural production, exacerbating food insecurity and reinforcing the need for stronger climate resilience strategies.
The Bank of Namibia has pledged to advance sustainable policies that address both climate and nature-related risks, ensuring that economic growth remains resilient in the face of environmental challenges.
