World Bank impressed by Magufuli’s reforms

It is now known to everyone that Tanzania has been denied development support by the United States of America through its organisation, the Millenium Challenge Corporation (MCC), to the tune of $427 million.

World Bank's 22bn/- for modern bus terminal in Moshi
IPPmedia
The World Bank has confirmed plans to dish out 22bn/- early next year to Moshi Municipal Council, Kilimanjaro Region to finance the construction of a modern bus terminal. Moshi Municipal Mayor, Jaffari Michael revealed this on Monday, saying up to the ...
Six perh in ghastly Moshi road horrorDaily News

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Official figures show that poverty has been decreasing in the past five years, but the World Bank says the vast majority of Tanzanians still live in poverty.

World Bank Group support to developing countries rose sharply to $61 billion in fiscal year 2014 as the organization prepared for transition to a new operating model, up from $52.6 billion in FY13.

The World Bank’s board of executive directors has approved $300 million (about Sh525 billion) development financing to directly improve key services for about half a million people in Dar es Salaam. The credit is from the high-concessional International Development Association (Ida) and it targets the new Dar es Salaam Metropolitan Development Project (DMPD).

The president of the World Bank makes an emotional appeal for 5,000 medical workers to volunteer and help contain the growing Ebola outbreak.

Dar es Salaam. Global campaigners are have raised the alarm over a reported move by the World Bank to help governments it was partnering with in mega infrastructure and mining projects to escape liability for environmental or socio-economic disruptions. The campaigners, mainly working to raise the voice of marginalised and indigenous commuinities around the world, say the WB is due to make an unprecedented proposal limiting governments’ accountablity towards their own people. They...

The World Bank has said Tanzania needs further tax reforms to make the Value Added Tax (VAT) affordable and attract more tax collections.

“We acknowledge the importance of the ongoing improvements to the economy of Tanzania and its landlocked neighbours” Dr Makhtar Diop, World Bank vice president for the Africa Region