World Bank to Continue Tanzania Financing

World Bank financing Tanzania lgbti rights

On 19th November 2018, the World Bank (WB) issued a statement about its missions and intended financial support to Tanzania.

The clarifying statement follows the Bank’s previous suspension of its missions to Tanzania due to the intended discrimination against lesbian, gay, bisexual, transgender, and intersex (LGBTI) people previously announced by the Government of Tanzania.

In the statement, the WB explains that during a meeting between His Excellency President John Pombe Magufuli and the World Bank’s Vice President for Africa, Hafez Ghanem, the President assured the Bank that Tanzania will not pursue any discriminatory actions related to harassment and/or arrest of individuals, based on their sexual orientation.

Tanzania Investment Guide 2026 Free Edition

As a member country of the World Bank Group, Tanzania endorsed the Bank’s new Environment and Social Framework (effective October 2018), that strengthens the Bank’s commitment to social inclusion of vulnerable and disadvantaged people and non-discrimination on the grounds of their age, gender, ethnicity, religion, physical, mental or other disability, social, civic or health status, sexual orientation, gender identity, indigenous heritage and economic status.

Given the assurances by the Tanzanian authorities, and following an internal security assessment, the WB’s management, in consultation with its staff in the country, and other development partners, has decided to lift the suspension on missions to Tanzania, while at the same time carefully monitoring the situation to assess the prevailing circumstances, and take the appropriate actions.

World Bank Tanzania

Tanzania currently holds the fourth largest portfolio in the World Bank Africa region with 28 national projects with net commitments of about USD4.2b.

Tanzania also participates in seven regional projects with a total commitment amount of USD550.8m.

Tanzania Investment Guide 2026 Full Edition

Want to know more about the Economy in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the Economy, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Related Posts
United States Fiscal Transparency Report
Read More

Tanzania Missed 2026 US Fiscal Transparency Standard, Made Progress

The US Department of State's 2026 Fiscal Transparency Report found Tanzania among 67 of 139 governments that did not meet minimum fiscal transparency requirements for the review period covering 1 January to 31 December 2025, though it was one of 14 governments recognized for making significant progress toward the standard.
Tanzania Global Environment Facility (GEF) funding
Read More

Tanzania Set to Receive USD 41 Million in GEF Environmental Funding

Tanzania is set to receive approximately USD 41 million through Global Environment Facility funding windows for biodiversity conservation, ecosystem restoration and climate resilience. The allocation includes USD 16 million from the GEF Trust Fund, USD 20 million from the LDCF and USD 5 million from the GBFF, making Tanzania the third-largest recipient in Africa.
Samia Suluhu Hassan Angelina Ngalula Tanzania Vision 2050 implementation
Read More

Government and Private Sector Sign Joint Declaration to Implement Tanzania Vision 2050 and Accelerate Investment Growth

Tanzania's President Samia Suluhu Hassan has launched the implementation framework for Development Vision 2050, with the government and private sector signing a Joint Declaration to accelerate investment, industrialisation and economic transformation. The private sector is expected to lead about 70% of implementation over the next 25 years as Tanzania targets a USD 1 trillion economy by 2050.