The World Bank has revealed its plan to spend 59. 4 million dollars (1.357 trillion in Tanzanian shillings) to support the education sector in Tanzania.
This was made known by the World Bank Country Director for Tanzanian, Malawi, Burundi and Somalia, Bella Bird after meeting with President John Magufuli at the State House in the commercial capital Dar es Salaam on Tuesday.
According to a statement issued by the Directorate of Presidential Communication, Bird’s meeting with President Magufuli was held to review the progress on World Bank-supported projects in the east African nation.
Bird said; “I have had talks with president Magufuli to review the progress on projects funded by the World Bank. Implementation of most of the projects is going on well.”
She also noted that the World Bank support to Tanzania currently stood at 10.186 trillion shillings adding the World Bank Group’s portfolio in Tanzania includes 25 operations with a commitment of nearly 3. 95 billion dollars, most of which is allocated to transport.
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 per cent) among others.