World Bank extends Tanzania $310 million development loan


MaxShimba

MaxShimba

JF-Expert Member
Joined
Apr 11, 2008
Messages
35,816
Points
1,250
MaxShimba

MaxShimba

JF-Expert Member
Joined Apr 11, 2008
35,816 1,250
Tanzania signed an agreement with the World Bank for a $310 million (496-billion shilling) loan to improve governance, strengthen the agricultural sector and fund other projects, Tanzania's Daily News reported Wednesday (December 12th).

The funds to be disbursed over a 40-year period will go towards a variety of projects, with a majority of the money going to the Urban Local Government Strengthening Programme (ULGSP), according to World Bank Country Director Phillipe Dongier.

The funding aims to improve the performance of 18 local governments in delivering services to about 2.6 million people. Funds for the UGLSP can also be used to improve infrastructure such as roads, markets, solid waste management and public spaces, Dongier said.

The funding for the Agricultural Sector Development Programme will enable farmers to have better access to advanced farming technology and marketing systems. The goal is to increase food production in 20 regions and provide seeds and fertilisers to about 300 farmers through the Tanzania National Agricultural Input Voucher System.

Minister of Finance William Mgimwa thanked the World Bank for its generous donation and offered his reassurance that funds would be spent according to the agreement.

Source: World Bank extends Tanzania $310 million development loan - Sabahionline.com
 
Niwemugizi

Niwemugizi

JF-Expert Member
Joined
Oct 15, 2012
Messages
909
Points
225
Niwemugizi

Niwemugizi

JF-Expert Member
Joined Oct 15, 2012
909 225
Tutadaiwa mpaka watoto walioko kwenye viuno vyetu nakuambia, si bora wangeipeleka kwenye kilimo basi tukaona lakini wapi 60% zinaishia mikononi mwa wajanja
 
MaxShimba

MaxShimba

JF-Expert Member
Joined
Apr 11, 2008
Messages
35,816
Points
1,250
MaxShimba

MaxShimba

JF-Expert Member
Joined Apr 11, 2008
35,816 1,250
Tutadaiwa mpaka watoto walioko kwenye viuno vyetu nakuambia, si bora wangeipeleka kwenye kilimo basi tukaona lakini wapi 60% zinaishia mikononi mwa wajanja
Yeah, that is the part of Tanzanian dream, join politics, eat the money.
 

Forum statistics

Threads 1,285,211
Members 494,498
Posts 30,853,794
Top