World Bank approves $50 million to strengthen Tanzania's public finance management
Tanzania, March 22 -- Dar es Salaam. The World Bank has approved new funding to help Tanzania strengthen its revenue management, modernise public procurement processes, and improve resource allocation and audit effectiveness.
The new $50 million Public Finance Management and Procurement Systems for Service Delivery Programme will strengthen the capacity of the Mainland and Zanzibar to mobilise and manage public resources at the national level through strengthening institutional capacity, efficiency, transparency and accountability.
Ultimately, this will result in an improvement in service delivery for the citizens of Tanzania.
The operation is designed as a programme for results (PforR), which links disbursements directly to the achiev...
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