Namibia has said it will not seek external funding from multilateral lenders, citing a favorable liquidity condition on the domestic market. The IMF said Namibia could benefit from a Special Drawing Rights (SDR) allocation specially set up to provide liquidity to the global economic system by supplementing the IMF's member countries' foreign exchange reserves. In other news, India signed an agreement with the Namibian government on Aug. 31 for access to copper and diamond mines there, India's Mines Minister B.K. Handique said, as part of India's policy to secure raw material for the metals industry. (Pana, Bloomberg)

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