World Bank approves US$225m loan for Tanzania

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DAR ES SALAAM – The World Bank's board of executive directors has approved a US$225m loan to Tanzania to improve water supply in the African nation's commercial capital Dar es Salaam, the bank said.Tanzania plans to raise US$900 million in fiscal year 2016/17 to fund public investment projects in the transport, energy and water sectors. Loans and grants are an important source of foreign exchange for east Africa's second-biggest economy.
“Dar es Salaam currently accounts for 40% of the urban population of 4,4 million inhabitants and is expected to continue to be the favoured destination for the bulk of new urban residents,” the bank said in a statement on Friday.
The bank said the new financing, which is expected to benefit close to two million people, will support the strengthening of capacities for integrated water resources planning and management in Tanzania and improve access to water supply and sanitation services.

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