Namibia continues to reiterate its objection to the lending conditions of the Bretton Woods institution as well as its classification as an upper-middle-income country.

These have made it difficult for the country to access soft loans over the years.

President Hage Geingob and various Cabinet Ministers made the country's position known during a courtesy call by the World Bank delegation, led by the Regional Vice President for Eastern and Southern Africa, Dr. Victoria Kwakwa.

The World Bank says Namibia's decision to add value locally to its green resources is the right approach to alleviating unemployment, particularly among the youth, and at the same time meeting the global objectives of green industrialization.

A delegation from the World Bank, led by the Regional Vice President for Eastern and Southern Africa, Dr. Victoria Kwakwa, paid a courtesy call at State House.

The Namibian government has prioritised addressing escalating unemployment through various policy interventions.