INTERNATIONAL – The World Bank has approved a $450 million loan to Tanzania, the bank said on Friday, signalling the release of the first tranche of funds to the East African nation that were frozen last year because of concern over government policies.
Those concerns included passing a law that made it illegal to question official statistics and expelling pregnant girls from public schools.
The government amended the statistics law in June to remove the threat of jail. But has yet to announce changes to the rules on teenage pregnancy.
The financing comes from the bank’s International Development Assistance (IDA), which gives grants or low-interest loans to the world’s poorest countries. It covers a poverty- reduction programme that will help around five million Tanzanians, the bank said in a statement.
“The World Bank has been engaging with the government of Tanzania on a range of policy issues that led to a hold-up of financing since 2018”, the World Bank said in a statement.