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Sunday, 29 September 2013

EU pledges 46M Euros in budget support to Tanzania

 

The European Union has promised 46 million Euros in budget support to Tanzania for the 2013-2014 fiscal year, Tanzania's Daily News reported on 26th August 2013. These funds will help to support the government of Tanzania to reduce poverty and to achieve the Millennium Development Goals (MDG).
The grant is part of 300 million Euros in development funds that the EU pledged to Tanzania in a five-year agreement which was signed in 2009. Of those funds, 5 million Euros will be granted to the National Bureau of Statistics to support monitoring initiatives, and the remaining 295 million Euros will serve as general budget support.
Source: All Africa