!Gawaxab briefs Geingob on economic development initiatives
• By Uaueza Kanguatjivi
PRESIDENT Hage Geingob met with Bank of Namibia (BoN) Governor, Johannes !Gawaxab, and his deputies, Ebson Uanguta and Leonie Dunn, who briefed him on their efforts to address crucial geopolitical and macroeconomic developments.
!Gawaxab and his team met with the President to offer an update on the country’s progress in implementing the Action Plan to meet the Financial Action Task Force’s (FATF) Mutual Evaluation exercise on Anti-Money Laundering and Combating the Financing of Terrorism and Proliferation (AML/CFT/CPF).
In addition, the meeting discussed BoN’s strategic objectives for improving financial inclusion in rural areas and the informal economy.
!Gawaxab assured the President of BoN’s commitment to fostering economic development, expanding financial inclusion, and ensuring economic stability.
BoN Director of Strategic Communications and International Affairs Kazembire Zemburuka said the briefing focused on the present global geopolitical and macroeconomic environment.
According to Zemburuka, global inflation remains a worry, and Namibia has not been spared as the country has experienced somewhat higher inflation, mostly due to rising food and housing prices.
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