World Bank To Support Devt Projects In Tanzania

The World Bank has reiterated its commitment to keep supporting Tanzania in financing the east African country’s development projects.

This was contained in a statement the Ministry of Finance and Planning issued on Monday. It quoted the newly appointed World Bank Vice President for Eastern and Southern Africa, Victoria Kwakwa.

Kwakwa held talks with the Minister for Finance and Planning, Mwigulu Nchemba, in the commercial capital Dar es Salaam.

According to the statement, Kwakwa said the World Bank has been impressed with Tanzania’s determination in putting in place huge investments in agriculture, livestock and fisheries.

“Tanzania’s transformation in the agriculture, livestock and fisheries sectors deserves support in financing and technical advice from the bank and other development partners,” said Kwakwa.

The World Bank’s support for Tanzania is channelled through the International Development Association. It comprises 24 national projects with a total net commitment of $6.1 billion US dollars.

Six regional projects with a net commitment of 780 million US dollars are involved, according to data from the World Bank.

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