Tanzania wins accolades in the Commonwealth Public Debt Management contest

LONDON: TANZANIA has continued to shine on the global stage after emerging as the overall winner at the 2026 Commonwealth Public Debt Management Awards and clinching the Best Debt Management Office in Africa title.

The Ministry of Foreign Affairs and East African Cooperation noted that the accolades were announced on March 26, 2026, during the Commonwealth Public Debt Management Forum held in London, recognising the country’s outstanding performance through the Debt Management Division of the Ministry of Finance.

According to the ministry, the win reflects sustained government efforts to strengthen public debt management systems, including better integration of financial frameworks and improved mobilisation of resources for development.

Additionally, the ministry noted that an independent panel of experts evaluated submissions from across Commonwealth member states, focusing on innovation, resilience and sustainability.

Opening the awards ceremony, Commonwealth Deputy Secretary-General Tanmaya Lal stressed the need for countries to adopt robust debt management strategies to shield their economies from global financial shocks.

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Senior Director for Economic, Youth and Sustainable Development at the Commonwealth Secretariat, Ruth Kattumuri, commended Tanzania for the significant reforms it has undertaken in strengthening public debt management.

The Director said the achievement reflects the country’s strong commitment to building a resilient and sustainable economy capable of withstanding external shocks.

“The Commonwealth Secretariat will continue supporting Tanzania in enhancing its policy and institutional frameworks, in line with resolutions adopted by Commonwealth finance ministers,” she said.

The week-long forum brought together debt management experts from across the Commonwealth to exchange experiences, share best practices and discuss effective strategies for borrowing, managing and repaying public debt.

The event forms part of the Commonwealth’s broader initiative to promote resilient, innovative and sustainable debt management among member states.