The difficult situation that “Upper Middle-Income Countries” like Namibia find themselves in, needs to be redressed in order to augment national efforts for poverty eradication. While the concept might be valid, its application does not take into account the vast disparities between the wealthy and the poor in the country, which account for the skewed economic structure. This classification continues to disadvantage Namibia’s ability to access soft loans, while countries regarded as less developed are eligible to receive grant funding. On the contrary, measures such as the UNDP Human Development Index provide a more accurate assessment of development per capita. The country should develop a strategy to lobby at multilateral fora for the reconsideration of this classification.