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Tuesday, 24 July 2012

EU leads development work in Tanzania

According to the European Commission, although Tanzania averaged 6-7% GDP growth in the last decade, it remains one of the world's poorest countries in the world, with many people still living below the poverty line of $1.25/day.
From 2007 to 2013, Tanzania benefited from an initial allocation of €555 million (part of the 10th European Development Fund) as well as an additional €51.5 million on water under the MDG initiative. More than half of the funding is delivered through budget support to the government. The focus of the EU cooperation is on infrastructure and on trade and regional integration, particularly on agriculture. Furthermore, another €50 million are provided for projects in energy, environment and supporting civil society.

Source: European Commission