Tanzania Receives AfDB Credit

The African Development Bank provided USD156 million to support Tanzania’s anti-poverty program. “The goal of the proposed loan is to provide the Tanzanian government with direct budget support to assist in the implementing of its Poverty Reduction Strategy,” the bank said. The regional lender also earmarked USD19 million for a power project in Guinea. (“Africa’s AfDB bank lends Tanzania USD156 mln” - Thomson Reuters, Oct. 31, 2008)

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