World Bank Group President Ajay Banga to visit Tanzania
Mr Ajay Banga
What you need to know:
- As part of his visit, the World Bank leader will also be visiting Muungoni Village Seaweed Farms and Jang’ombe Hub Secondary School, both located in Zanzibar
Dar es Salaam. The World Bank Group President, Ajay Banga, will visit Zanzibar, Tanzania, from December 5–6, 2023.
During his visit, Mr. Banga is scheduled to engage in high-level discussions with President Samia Suluhu Hassan and President Hussein Mwinyi, alongside various key government ministers and officials.
The two leaders, together with Banga, will preside over the opening ceremony of the International Development Association (IDA) Midterm Review meeting on Wednesday, December 6, scheduled to take place in Zanzibar.
As part of his visit, the World Bank leader will also be visiting Muungoni Village Seaweed Farms and Jang’ombe Hub Secondary School, both located in Zanzibar.
“The purpose of these visits is to meet with project beneficiaries and witness firsthand the transformative impact of IDA support,” reads part of to a statement from the World Bank office in Tanzania.
The IDA, a global solidarity fund, has a finance portfolio in Tanzania amounting to $8.3 billion, comprising 23 national projects totaling $7.26 billion in commitments and six regional projects totaling $1.05 billion in commitments.
Key sectors in the national portfolio include transport, education, water, urban resilience, energy, and social protection.
Other projects cover governance, digital development, human development, and poverty. Tanzania's regional projects are focused on agriculture, energy, education, and poverty and equity.
IDA is the global solidarity fund of the World Bank Group that supports low-income countries. IDA works to create a world free of poverty on a livable planet. Since 1960, IDA has provided $533 billion in funding to 115 countries, transforming the lives of hundreds of millions of people, including those in Tanzania.
The Midterm Review meeting will discuss the implementation and delivery of the 20th IDA financing round (IDA20), which is the largest replenishment to date, raising $93 billion to support poor countries. IDA20 concludes in 2025, and the Midterm Review will also set the stage for the IDA21 replenishment.
