OFID extends $50mn for poverty reduction in Tanzania

OFID extends $50mn for poverty reduction in Tanzania

The OPEC Fund for International Development (OFID) signed a $50mn loan with Tanzania. This is to finance the ‘Fourth Tanzania Poverty Reduction Project’. The project will build rural infrastructure to boost economic opportunities. Besides, improving access to social services for more than 900,000 people. Although Tanzania made progress in reducing poverty over the past decade,...

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