The bank says it has a huge programme to support various development projects in the social sector and infrastructure.
The World Bank on Friday said that it had granted $300 million to Tanzania to support its education sector, a statement from the country’s Directorate of Presidential Communication said.
Hafez Ghanem, Vice President of the World Bank for Africa, announced the new grant during talks with Tanzanian President, John Magufuli at State House in the Dar es Salaam, according to the statement.
The grant will be used for improvement of secondary school education in the east African nation including construction of classrooms, dormitories, laboratories and for buying educational materials, said Mr Ghanem.
He assured Mr Magufuli of the World Bank’s continued support to Tanzania’s development projects.
The bank has a huge programme to support various development projects in Tanzania in the social sector and infrastructure to the tune of 5.2 billion dollars and the bank is impressed with the way these projects are being implemented, says Mr Ghanem.
During the talks, Mr Ghanem praised Mr Magufuli for efforts undertaken by his administration toward improving the economy and the fight against corruption.
“The World Bank is proud of its partnership with Tanzania and the good results that have been achieved in terms of economic growth and in terms of economic stability,’’ said the Word Bank official.
“We are also proud of the good results in fighting corruption and in improving public services.”
For his part, Mr Magufuli thanked the World Bank for its continued support and pledged that all the grants given by the bank will be spent in implementing development projects.