Economy

Tanzania, World Bank to deepen cooperation in development projects

The World Bank’s Country Director for Southern Africa, Ms Milena Stefanova, commended the Tanzanian government for maintaining strong cooperation in the joint implementation of development projects

Dar es Salaam. The Permanent Secretary in the Ministry of Finance, Dr Natu El-maamry Mwamba, has assured the World Bank that the government remains committed to strengthening cooperation in implementing development projects jointly financed by Tanzania and the Bank to ensure timely and high-quality delivery.

Dr Mwamba made the remarks during the Country Portfolio Performance Review (CPPR) meeting held at the Bank of Tanzania (BoT) headquarters in Dar es Salaam.

The session aimed to identify key systemic challenges affecting project implementation and develop a joint action plan to address them.

Currently, the government is implementing a total of 35 projects funded by the World Bank.

These include 29 national projects covering diverse social and economic sectors, and six regional initiatives, all geared towards accelerating sustainable development across the country.

“The successful execution of these projects is expected to significantly contribute to Tanzania’s socio-economic transformation, in line with the Tanzania Development Vision 2050, the Zanzibar Development Vision 2050, the Third National Five-Year Development Plan (2021/22–2025/26), and the Zanzibar Development and Economic Plan (ZADEP) 2021–2026,” said Dr Mwamba.

For her part, the World Bank’s Country Director for Southern Africa, Ms Milena Stefanova, commended the Tanzanian government for maintaining strong cooperation in the joint implementation of development projects.

“The World Bank acknowledges and appreciates Tanzania’s continued collaboration in project implementation, the strengthening of joint work structures, and efforts to ensure that development objectives are achieved efficiently,” she said.

The partnership between the Tanzanian government and the World Bank in improving project execution continues to lay a firm foundation for ensuring that initiatives are completed effectively, deliver the intended results to citizens, and foster the country’s social and economic well-being.

Both parties also agreed to prepare a joint action plan that will undergo review ahead of the Spring Meetings of the World Bank and the International Monetary Fund (IMF) scheduled for April 2026.

Shares:
Show Comments (0)
Leave a Reply

Your email address will not be published. Required fields are marked *