This means having sufficient buffers over the cycle to absorb exceptional shocks, and having public debt levels that are sufficiently low in good times that they can rise in bad times without disrupting market confidence. The second way is some form of backstop for sovereign debt.
It is thus important for all credit providers to take up membership with the NDSA and be part of this exciting initiative. I therefore call upon credit providers to join the NDSA to ensure the realisation of meaningful credit information sharing in Namibia. In conclusion, I would like to commend FinMark Trust for initiating and facilitating this noble project.