By Hilary Mare
FINANCE Minister Calle Schlettwein says government has already started the process of putting in place corrective measures, to address the weaknesses raised by credit ratings agency, Fitch.
Fitch this week downgraded Namibia’s long-term non-Rand foreign currency bonds to sub-investment grade BB+, from BBB- investment grade, but assigned a stable outlook.
“The government has proposed a package of policy interventions in the 2017/18 medium-term budget policy statement for the next MTEF (Medium-Term Expenditure Framework), to address these concerns, consistent with the principle policy stance implemented since the 2016/17 mid-year budget review.
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