Tanzania, African nations, World Bank in talks to mobilise private-sector’s investment in job creation
BANGKOK: TANZANIA has joined African counterparts and World Bank President Ajay Banga in discussions on mobilising private-sector investment to create jobs, particularly for young people, through skills development, business growth and industrialisation.
The discussions took place during the African Governors’ Caucus Meeting held alongside the annual meetings of the International Monetary Fund (IMF) and World Bank Group in Bangkok, Thailand.
Tanzania was represented by the Permanent Secretary in the Ministry of Finance and Alternate Governor at the World Bank, Dr Natu El-Maamry Mwamba, on behalf of Finance Minister Ambassador Khamis Mussa Omar, who serves as the country’s Governor at the institution.
The meeting reviewed the World Bank’s plans for Africa, with discussions focusing on mobilising private capital to support employment creation through investment, skills development and the growth of micro, small and medium-sized enterprises (MSMEs).
Participants also discussed opportunities in the mining sector, industrial development and value addition to products as potential drivers of economic growth and job creation across the continent.
The Tanzanian delegation also included the Permanent Secretary in the President’s Office for Planning and Executive Secretary of the National Planning Commission, Dr Tausi Mbaga Kida, and Assistant Commissioner in the Ministry of Finance’s External Finance Department, Robert Mtengule.
