World Bank Endorses New Tanzania Assistance Strategy

Tanzania could receive up to $2.8 billion worth of International Development Association concessional assistance from 2012 to 2015 under a new country assistance strategy recently endorsed by World Bank executive directors.

The strategy aligns future World Bank engagement in Tanzania with the country’s own priorities, which include building more infrastructure, boosting agricultural productivity, improving service delivery, building a skilled workforce, improving the country’s investment climate, and managing efforts toward urbanization.

Under the strategy, the World Bank will provide assistance to Tanzania through budget support, investment projects and basket funds. The bank will also mobilize additional technical and financial support through trust funds and help strengthen aid coordination with other development partners in the African country.

In addition to the new strategy, World Bank directors approved on June 7 an additional $27.88 million in support to Tanzania’s Energy Development and Access Expansion Project. The World Bank has initially provided $105 million worth of IDA credit and a $6.5 million Global Environment Facility grant to the project.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.