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Sputnik International
World Bank ups credit flows as Samia readies to address MPs
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World Bank ups credit flows as Samia readies to address MPs
THE World Bank has endorsed development projects worth 11.2trn/- ($4.9 billion) to be implemented this fiscal year and to increase its funding to five more development projects to the tune of 2.6trn/- ($1.15billion) in the next financial year.
A State House statement said that Mara Warwick, the World Bank country director for Tanzania, Malawi, Zambia and Zimbabwe, made this affirmation in a meeting with President Samia Suluhu Hassan at the Chamwino State House in Dodoma.
“This increase will make Tanzania one of the top beneficiaries with a good number of World Bank funded projects,” she said, noting World Bank commitment to support Tanzania’s development endavours.
2021-04-19 15:55:51 GMT2021-04-19 23:55:51(Beijing Time) Xinhua English
DAR ES SALAAM, April 19 (Xinhua) Tanzanian President Samia Suluhu Hassan on Monday pledged her country s strengthened cooperation with the World Bank, saying the bank was a catalyst for economic development.
President Hassan made the remarks during talks with Mara Warwick, the World Bank s country director for Tanzania, Malawi, Zambia and Zimbabwe, at Chamwino State House in the capital of Dodoma, said a statement issued by the Directorate of Presidential Communications. The World Bank is supporting Tanzania in improving social services such as education and health, and in improving the infrastructure, said President Hassan, while urging the World Bank to continue working with Tanzania toward building an economy that will transform the east African nation s citizens welfare.
Tanzania s 2021 growth seen climbing up to 5 3% marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Date Time
Maintaining Tanzania’s Lower-Middle Income Status Post-COVID-19 Will Depend on Strengthening Resilience
Following two decades of sustained growth, Tanzania reached an important milestone in July 2020, when it formally graduated to lower-middle-income country status. However, the global COVID-19 pandemic has significantly slowed economic growth, adversely affecting lives and livelihoods of Tanzanians, and requiring bold policy actions to ensure that Tanzania’s LMIC status is maintained.
The 15
th Tanzania Economic Update, Raising the Bar: Achieving Tanzania’s Development Vision takes Tanzania’s recent achievement of LMIC status as a point of departure, looking forward to what it will take to achieve the goals of the Tanzania Development Vision (TDV) 2025.