AfDB to Support Tanzania Budget with USD200m
The African Development Bank (AfDB)
will support Tanzania’s 2016–2017 budget with USD200m. The announcement was
made by Alberic Kacou, Vice-President Human Resources and Corporate Services of
AfDB, during his visit to Tanzania on July 19th 2016. He explained that AfDB
wants to invest in Tanzania’s energy, food production and industrialization in
order to improve people’s welfare. Kacou added that Tanzania is AfDB’s largest
African funds recipient thanks to its national development programs that are in
line with the bank’s requirements. During the visit, Tanzania’s Minister of
Finance, Philip Mpango, stressed that the government is committed to
implementing its development plans. These include improvement of air, rail and
marine transport in Tanzania, which will be achieved through the procurement of
3 passenger aircrafts, upgrade of Tanzania’s central rail line to standard
gauge, and purchase of a new ship for Lake Victoria. Tonia Kandiero, Resident
Representative in Tanzania of AfDB, commented that the bank’s support to the
country’s budget rose by USD50m this year, reaching USD200m, compared to the
2015–2016 budget support of USD150m. AfDB Tanzania As of 30th November 2015,
the AfDB’s portfolio in Tanzania consists of 29 projects with total net
commitment of USD 1.97bn, nearly half of which is allocated to transport
infrastructure. AfDB Tanzania Country Strategy Paper (CSP) 2011–2016 AfDB
introduced the CSP for Tanzania to assess the country‘s development challenges
and prospects, and guide AfDB‘s support to the priorities expressed in
Tanzania’s development strategy. Part of the bank’s achievements during the CSP
2011–15 period include the upgrading of more than 777 km of road to bitumen
standard and rehabilitation of more than 31,000 water points serving about 8.8m
people in rural areas; construction and rehabilitation of more than 50 market
facilities; and the training of hundreds of microfinance borrowers, health
workers, farmers’ facilitators and 11,000 farmer groups. AfDB Tanzania CSP
2016–2020 The recently approved AfDB Country Strategy 2016-10 for Tanzania,
indicate that despite the country sustained economic growth, it is still
struggling in translating this into economic transformation, faster poverty
reduction and improvement in the livelihoods of its population. In line with
the AfDB’s 2016–2020 CSP for Tanzania, the Bank will focus on supporting the
transport and energy sector in the country during the next five years by
improving the domestic and regional transport network and to provide access to
affordable electricity. The AfDB’s 2016–2020 approved assistance package for
Tanzania exceeds USD 1.1bn. Additional resources will be provided from the
Africa Growing Together Fund (AGTF), trust funds, renewable energy financing
and co-financing with other partners.
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