loader
Dstv Dailynews  Mobile
Tanzania, UN to work on new ways to finance development projects

Tanzania, UN to work on new ways to finance development projects

The United Nations Sustainable Development Framework (UNSDF) has promised to work with Tanzania to explore alternative ways of raising funds that will finance development projects in the country.  

Speaking with President Samia Suluhu at the State House in Dar es Salaam on Monday, the Executive Secretary of (UNSDF), Preeti Sinha said that their aim is to raise funds that will facilitate project implemented in within the local governments. 

“Through our project known as ‘Municipal Investment Financing’ we can help by providing funds to the local governments through the establishment of a treasury bond” Preeti said. 

According to her the money gained from the Treasury bond will be refunded due to the collections from the local governments. 

On her part, President Samia Suluhu Hassan agreed to the proposal and assigned the ministry of Finance to develop a mechanism that will facilitate the implementation of the plan immediately.

REA to scale up power generation mix model

THE Rural Energy Agency (REA) is ...

foto
Author: ESTHER TAKWA

Post your comments

Advertisement

CRDB

Recent Posts

Categories

more headlines in our related posts

latest # news