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World Bank downgrade not a death sentence – economists – News Stand
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World Bank downgrade not a death sentence – economists – News Stand
Allexer Namundjembo Economists say Namibia’s downgrade by the World Bank is not a death sentence and should instead be used to reset the country’s development path. This week, the World Bank reclassified Namibia from an upper-middle-income to a lower-middle-income country in its latest income classifications for the 2026 fiscal year, which runs from 1 July 2025 to 30 June 2026. Namibia was the only country globally to be downgraded. Economist Jo
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