EU earmarks USD860 million for Tanzania

The European Union is giving Tanzania USD860 million over four years to shore up the trade, transport and farming sectors. According to Tanzanian Finance Minister Mustafa Mkulo, the E.U. will release the money in the form of budget support and the rest will finance development projects. The bloc, meanwhile, urged the African state to fight corruption. “We must seek a proactive approach, a sense of urgency and commitment, a desire to root out the causes of corruption and instill good governance principles at all levels of government,” said Tim Clarke, the top E.U. representative in Tanzania.

Source: EU to give Tanzania USD860 mln between ‘08-‘13 (Reuters)

About the author

Join the Discussion