Kwamba munaomba loan ya kudunga wakenya sindano [emoji1787][emoji1787][emoji1787][emoji1787] Mungu awape walau akili yakujikuna mumeisha wakenya
Unakuaga punguani and totally ignorant of stupid CCM moves, [emoji23][emoji23][emoji23][emoji23] Hapa CCM ilifanya nini? Loan ya Covid!., hii hapa is just one of them, jiangalie kwanza[emoji23][emoji23][emoji23]
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Tanzania: African Development Fund approves a Loan of $50.7m for Covid-19 crisis response budget support
19-Oct-2020
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The Board of Directors of the African Development Fund (ADF) has approved a loan of UA 36 million ($50.7 million) to Tanzania, to finance the nation’s response to the COVID-19 pandemic.
The loan, from the African Development Bank Group’s COVID-19 Response Facility (CRF), will support the Government of Tanzania’s $109 million national COVID-19 response plan, which is jointly supported by the country’s other development partners...
The pandemic has put increased pressure on Tanzania’s health facilities, social protection systems and has dampened the country’s projected growth of over 6.2% – the average over the last five years, and which had made it the one of the best performers in Eastern Africa. Growth is now projected to decline from the pre-COVID projections of 6.4% to between 3.6% and 2.6%.
Commenting on the operation, Nnenna Nwabufo, the Acting Director-General of the Bank’s East Africa regional office, said it was part of a larger, more comprehensive support package for the Bank’s regional member countries, including Tanzania.
“The evolution of COVID-19 and changing containment measures remain dynamic and unpredictable; the medium and longer-term impacts of the crisis are yet to be fully understood. The African Development Bank Group is stepping up its coordination with governments, as well as with other development partners to adapt and strengthen its monitoring and response to the pandemic,” Nwabufo said.