Namibia’s financial milestones in 12 months
Namibia recorded several major economic milestones over the past 12 months, with the country successfully exiting the Financial Action Task Force (FATF) greylist, repaying its International Monetary Fund (IMF) emergency loan, and redeeming its largest-ever Eurobond. The country was removed from the task force’s greylist last week after addressing all 13 strategic shortcomings identified in […] The post Namibia’s financial milestones in 12 months appeared first on The Namibian .
Namibia recorded several major economic milestones over the past 12 months, with the country successfully exiting the Financial Action Task Force (FATF) greylist, repaying its International Monetary Fund (IMF) emergency loan, and redeeming its largest-ever Eurobond.
The country was removed from the task force’s greylist last week after addressing all 13 strategic shortcomings identified in its anti-money laundering and counterterrorism financing frameworks.
The Paris-based financial crime watchdog confirmed Namibia’s removal during a meeting in Paris last week, following two years of increased monitoring.
Namibia was placed on the greylist in February 2024 and had been given until May this year to address the identified weaknesses.
