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AfDB grants Tanzania US$50 million for Covid-19 response


News Reporter

ABIDJAN – The African Development Fund has approved a US$50,7 million for Tanzania to finance its response to the COVID-19 pandemic.

The loan, from the African Development Bank Group’s COVID-19 Response Facility (CRF), will support the Government of Tanzania’s $109 million national COVID-19 response plan, which is jointly supported by the country’s other development partners.

The plan is aimed at building economic resilience in the East African country, while mitigating the socio-economic and health impacts of the COVID-19 pandemic, particularly on local businesses, vulnerable households and the health system.

The pandemic has put increased pressure on Tanzania’s health facilities, social protection systems and has dampened the country’s projected growth of over 6.2% – the average over the last five years, and which had made it the one of the best performers in Eastern Africa. Growth is now projected to decline from the pre-COVID projections of 6.4% to between 3.6% and 2.6%.

Nnenna Nwabufo, the Acting Director-General of the Bank’s East Africa regional office, said it was part of a larger, more comprehensive support package for the Bank’s regional member countries, including Tanzania.

“The evolution of COVID-19 and changing containment measures remain dynamic and unpredictable; the medium and longer-term impacts of the crisis are yet to be fully understood. The African Development Bank Group is stepping up its coordination with governments, as well as with other development partners to adapt and strengthen its monitoring and response to the pandemic,” Nwabufo said.

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