10th October, 2018
The World Bank on Tuesday said that it had planned to spend about 59.4 million dollars (1.357 trillion Tanzanian shillings) to support the education sector in Tanzania.
World Bank Country Director for Tanzania, Malawi, Burundi and Somalia, Bella Bird, made the pledge after her meeting with President John Magufuli at the State House in Dar es Salaam.
A statement by the Directorate of Presidential Communication said Bird met with President Magufuli to review progress on World Bank-supported projects in the east African nation.
“I have had held talks with President Magufuli to review progress on projects funded by the World Bank. Implementation of most of the projects is going well,” said Bird.
She said the World Bank support to Tanzania currently stood at 10.186 trillion shillings.
The World Bank Group’s current portfolio in Tanzania includes 25 operations with a commitment of nearly 3.95 billion dollars, most of which is allocated to transport.
In addition, the country benefits from six regional projects.
The World Bank Group also supports analytical and technical assistance activities to complement projects and programmes.
The World Bank is currently financing 23 national projects amounting to 3.6 billion dollars, in addition to seven regional operations, through which Tanzania accesses 551 million dollars in financing, reaching a total commitment of 4.3 billion dollars.
The bulk of this support (22 per cent) focuses on the transportation sector, followed by urban development (20 percent) among others.