World Banks IDA Lends Tanzania $583 Million for 3 Projects

Invisible · 2010-06-03T11:49:33+00:00

The World Banks International Development Association agreed to lend Tanzania $583 million for projects aimed at improving education, transport and cities. The IDA, which offers interest-free credit and grants to the poorest countries, will provide $150 million for a secondary education development program which aims to upgrade facilities and provide mathematics, science and language teachers, John Murray McIntire, country director for Tanzania, Uganda, and Burundi, said in an e-mailed statement. The IDA will make $163 million available to improve basic services in seven cities. Denmark is contributing a further $12.5 million to this project. The IDA is providing $270 million to a five-year program to rehabilitate 270 kilometers (168 miles) of roads and expand airports in Bukoba, Kigoma and Tabora. Written by Wilfred Mwakalosi in Dar es Salaam Bloomberg - June 1, 2010

Thread starter Invisible
Start date Jun 3, 2010

Invisible

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World Banks IDA Lends Tanzania $583 Million for 3 Projects

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World Banks IDA Lends Tanzania $583 Million for 3 Projects