African Development Fund approves Sh5.4b Covid-19 crisis response budget support for Tanzania

Tanzanian President John Pombe Magufuli (PHOTO: FILE)

The Board of Directors of the African Development Fund (ADF) has approved a loan of Sh5.4 billion to Tanzania, to finance the nation’s response to the COVID-19 pandemic.

The loan, from the African Development Bank Group’s COVID-19 Response Facility (CRF), will support the Government of Tanzania’s $109 million national COVID-19 response plan, which is jointly supported by the country’s other development partners. The plan is aimed at building economic resilience, while mitigating the socio-economic and health impacts of the COVID-19 pandemic, particularly on local businesses, vulnerable households, and the country’s health system.