Tanzania, World Bank in partnership to boost economy

The World Bank has agreed to a USD 2.4 billion concessional loan for Tanzania which will enable the East African country to address failing infrastructure in the country and turn it into a bustling trade hub.

The organisation’s Group President Dr. Jim Yong Kim made the announcement in March during a three-day visit to the country. He supported Tanzanian President John Magufuli’s plan to move forward with robust development around the country’s public transport system, and service delivery in the areas of education and water and sanitation.

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