World Bank gives 160trn/- budget support

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By: ANNE ROBI

The World Bank yesterday gave Tanzania a 160trn/- (160m US dollars) soft loan repayable in 40 years after a 10-year period of grace. The loan is deemed as the bank’s contribution to the general budget support for fiscal year 2008/09.

An agreement on the loan, a third in the financing programme, was signed in Dar es Salaam by the Permanent Secretary in the Ministry of Finance and Economic Affairs, Mr Gray Mgonja and the World Bank Country Director, Mr John Mclntire.

Mr Mgonja said at the function that the money would be used to reduce poverty, adding that infrastructure, education, health, agriculture and water projects will benefit from the loan. He praised the loan as a good source of finance, saying it is cheaper finance compared to other types of finances from other external sources.

Mr Mgonja said the money would be disbursed after getting the approval from the Attorney General, Mr John Mwanyika. Mr Mclntire said the bank was dedicated to support the government’s efforts by contributing to the general budget support.

Source: Daily News of Nov 5, 2008

 

[Lusajo]

By: ANNE ROBI


Source: Daily News of Nov 5, 2008

Tutakopa sana na raisi wetu huyuu, halafu safari zitaongezeka!! sijui tunaenda wapii? na madeni yoote tunawaachia watoto wetu.

 

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Tutakopa sana na raisi wetu huyuu, halafu safari zitaongezeka!! sijui tunaenda wapii? na madeni yoote tunawaachia watoto wetu.

Mimi nafikiria sana hizi Trilioni zote ulipaji wake utakavyotugharimu. Labda tuanze mapema kabisa tena sasa kuomba msamaha wa deni hilo! Wachumi wanaweza kutupa mitizamo yao katika hili?