Namibia downgraded to lower-middle income

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Namibia was the only country whose classification moved downward this year, from the "upper-middle income" to the "lower-middle income" category.

The country's cry of many years has now been heard by the World Bank.

IMF chief highlights "fundamental shift" in global economy

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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.