Tanzania: World Bank Group Launches New Framework for Inclusive, Private Sector-Led, and Resilient Growth in Tanzania

Tanzania: World Bank Group Launches New Framework for Inclusive, Private Sector-Led, and Resilient Growth in Tanzania

Washington — The World Bank Group’s Board of Executive Directors has endorsed the new Country Partnership Framework (CPF) for Tanzania to support the country in consolidating its status as a middle-income country, achieving a high level of human development, and contributing to the World Bank Group’s (WBG) mission to end extreme poverty and boost prosperity on a livable planet.

The new strategy maximizes the impact of the One-WBG approach, coordinating and leveraging the strengths of the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) in the country over the period FY2025 to FY2029.

The new CPF prioritizes several key areas. First, it aims to support the country’s human development agenda. This includes providing transformative support in education, healthcare, water, sanitation, and hygiene (WASH) services, and shock-responsive social protection programs, building upon the strong momentum already established by the Tanzanian government.

Secondly, the CPF will bolster the government’s goal of fostering a better environment for private sector-led growth. This will involve deepening support for reforms that strengthen the business climate, investing in infrastructure and connectivity to facilitate economic activity, and modernizing Tanzania’s productive sectors. Additionally, the CPF aims to leverage the country’s strategic geographic location to promote inclusive growth both domestically and throughout the sub-region.

Finally, the CPF will support Tanzania’s crucial and multi-prong resilience agenda, focusing on climate change adaptation and mitigation strategies, alongside efforts to strengthen the country’s economic resilience. Progress toward these objectives is underpinned by two cross-cutting priorities: increased empowerment of women and youth and improved government effectiveness with more efficient, transparent, and accountable institutions.

“We have seen tremendous progress with recent policy changes, such as increasing access to education for all girls coupled with broader reforms such as vocational training,” said Nathan Belete, World Bank Country Director. “Girls and boys now have multiple pathways to complete their secondary education and the Fee-free Basic Education Policy has had an incredible impact, opening doors for 4.5 million new students. With such renewed commitment to human development and inclusion by the government, the outlook for inclusive growth and poverty reduction is favorable.”

The CPF is informed by extensive consultations with a wide range of stakeholders as well as a country opinion survey and is aligned with the priorities identified in Tanzania’s Third Five-Year Development Plan and Zanzibar’s Five-Year Development Plan. The CPF’s focus on private sector-led growth is consistent with IFC’s Creating Markets Strategy which aims to support conditions for private enterprises to efficiently contribute to inclusive development.

Private sector participation is critical to any economy’s growth and development. To address Tanzania’s development goals, including poverty reduction and job creation, the country has an opportunity to further leverage private sector-driven economic growth. IFC will continue to work closely with our public and private sector partners, as well as with our colleagues across the World Bank Group, to unlock the conditions needed to further support inclusive finance, agribusiness, manufacturing, and sustainable infrastructure through investments, advisory and upstream support,” said Mary Porter Peschka, IFC’s Regional Director for Eastern Africa.

“In recent years, MIGA has seen a significant increase in investor interest in Tanzania, thanks to reforms undertaken by the government,” said Șebnem Erol Madan, Director of Economics and Sustainability at MIGA. “As part of the new CPF, MIGA will continue to support financial inclusion and climate finance initiatives and will leverage the new World Bank Group guarantee platform to support the country in attracting and mobilizing private capital in other sectors, including renewable power and digital.”

The CPF builds on a well-performing WBG portfolio in the country. Through the CPF 2018-2022, the World Bank provided over $9 billion dollars of financing that delivered important improvements for Tanzanians, such as:

  • Increased access to safe water for nearly 4.7 million people which helped reduce the disease burden and improved school attendance and completion rates, particularly for girls.
  • Improved secondary education benefiting 2.7 million students, especially girls, by providing better-equipped secondary schools. Additionally, technical and vocational education enrollment tripled and 64% of female graduates found employment.
  • Expanded access to electricity for 7.9 million people in rural areas, which enhanced their livelihoods, health, and learning opportunities.

IFC’s investment portfolio in Tanzania stands at over $400 million with investments focused in key sectors including financial institutions, agribusiness, and real estate. The IFC advisory portfolio reached $11 million in 2024. Over the last few months, MIGA has issued its first political risk guarantees in a decade in Tanzania, with guarantees in the mobile money and banking sectors. As a result, MIGA now has a portfolio of $151 million in the country and a strong pipeline in the renewable energy and digital sectors.

Source: allafrica.com

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Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response
Tanzania Foreign Investment News
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Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response

Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response

Addis Ababa, January 20, 2025</Strong> — Tanzania has declared a Marburg virus disease (MVD) outbreak after confirming one case and identifying 25 suspected cases in the Kagera Region of Northwestern Tanzania. The Marburg virus, a highly infectious and often fatal disease, is similar to Ebola and is transmitted to humans from fruit bats and monkeys. This outbreak marks the nation’s second encounter with the deadly virus, following the outbreak in Bukoba District of Kagera Region in March 2023, which resulted in nine cases and six deaths.

In response to this urgent threat, the Africa CDC is mobilizing strong support to help Tanzania contain the outbreak. A team of twelve public health experts will be deployed as part of an advance mission in the next 24 hours. The multidisciplinary team includes epidemiologists, risk communication, infection prevention and control (IPC), and laboratory experts to provide on-ground support for surveillance, IPC, diagnostics, and community engagement.

The Director-General of Africa CDC, Dr. Jean Kaseya, has engaged with Tanzania’s President Samia Suluhu Hassan and the Minister of Health to ensure coordinated efforts and secure political commitment for the response.

“Africa CDC stands firmly with Tanzania in this critical moment. To support the government’s efforts, we are committing US$ 2 million to bolster immediate response measures, including deploying public health experts, strengthening diagnostics, and enhancing case management. Building on Tanzania’s commendable response during the 2023 outbreak, we are confident that swift and decisive action, combined with our support and those of other partners, will bring this outbreak under control,” Dr. Kaseya stated.

Africa CDC has recently supported efforts to enhance the diagnostic and sequencing capacity of public health laboratories in Tanzania. PCR Test kits and genomic sequencing reagents have been dispatched, with additional supplies in the pipeline. To ensure rapid identification and confirmation of cases, the institution will also provide technical assistance to strengthen detection and genome sequencing for better characterization of the pathogen. Additionally, support will be provided to improve case management protocols and enhance the capacity to deliver safe and effective treatment.

Africa CDC is committed to working closely with the Government of Tanzania, regional partners, international organizations, and global stakeholders, including the World Health Organization, to stop the spread of the Marburg virus.

Source: allafrica.com

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