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Tanzania receives US$250 million to support government''s efforts to reduce poverty.

Publication: M2 Presswire
Publication Date: 30-MAY-03
Format: Online - approximately 1020 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 May 2003-WORLD BANK: Tanzania receives US$250 million to support government's efforts to reduce poverty(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:05292003

Washington - The World Bank's Board of Directors has approved this week $250.08 million to support efforts by the a...

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...Tanzanian Government to reduce poverty in the country through an approach that fully involves the target population. The funds will support three main operations: Poverty Reduction Support Credit, a water supply and sanitation project for Dar es Salaam, and an agricultural development project.

"The Government is committed to the goal of reducing poverty... However, the total resources available to the Government are insufficient to implement poverty-reducing policies. Time is needed firstly to expand the revenue base from a higher growth rate of the economy and secondly to observe tangible results from those policy actions implemented to raise revenue. In light of these factors, the Government views the support from the IDA... as...

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