The World Bank has indicated that although Namibia is an upper-middle-income country, more than half of the population still lives in poverty.

The outgoing UN Resident Coordinator says the UN office in Namibia will continue to support the ''Buy Local, Grow Namibia'' campaign.

The International Monetary Fund (IMF) chief said there is a "fundamental shift" in the global economy, urging countries to bring down inflation, put in place responsible fiscal policy, and jointly support the emerging market and developing economies.