Tanzania Become Middle Income Country
The World Bank (WB) upgraded Tanzania’s country classification by income level from low income to lower-middle income in 2020-21.
World Bank
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.
Supporting the World Bank’s program for Tanzania, the International Finance Corporation’s (IFC’s) total investment stands at USD227.4m focusing on: oil, gas and mining (USD77.2m), agriculture and forestry (USD33.7m), finance and insurance (USD84.9m), accommodations and tourism services (USD25.5m) and energy (USD6.18m).
Tanzania GDP to Grow 2.5% in 2020, WB Forecast
The World Bank (WB) recently released its 14th Tanzania Economic Update (TEU), forecasting economic growth to slow sharply in 2020, to 2.5% from the 6.9%…
World Bank to Lend Tanzania USD 500 Million for Secondary Education Improvement
IDA, the World Bank’s fund for the poorest countries, approved on 31st March 2020 a credit of USD 500 million to enable millions of young…
Tanzania Poverty Decline Between 2007 and 2018
The World Bank (WB) 2019 Tanzania Mainland Poverty Assessment report published in December 2019, notes that poverty decreased by 8% in 10 years, down from 34.4% in…
Tanzania Agriculture Need More Investments and Better Policies, WB Say
In its latest Tanzania Economic Update, the World Bank’s (WB) stresses the centrality of agricultural transformation for the success of the country’s national development plans.
Tanzania Economic Growth Will Depend on Business Environment Reforms, WB Say
The World Bank’s (WB) recently published its latest Tanzania Economic Update, indicating that the country was again one of the top growth performers in the…
World Bank To Support Tanzania 2019/20 Budget With USD 1.7 Billion
The World Bank (WB) has agreed to provide Tanzania with a concessional loan and support worth USD 1.7 billion, equivalent to approximately TZS 4 trillion,…
World Bank to Continue Tanzania Financing
On 19th November 2018, the World Bank (WB) issued a statement about its missions and intended financial support to Tanzania.
Tanzania Down 7 Positions in WB Ease of Doing Business Ranking
Tanzania moved 7 positions down, from 137 in 2017 to 144 in 2018, in the latest World Bank (WB) Ease of Doing Business report issued…
World Bank Approve USD350m for Water Supply in Rural Tanzania
The World Bank (WB), through the International Development Association (IDA), approved on 26th June 2018 a loan of USD 350 million to improve water supply…