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World Bank Gives Tanzania US$136 Million Grant
December 5, 2002 The World Bank has given Tanzania $136 million for AIDS and
poverty reduction projects, said Rosalie Ferrao, a bank spokesperson.
About half of the money, $70 million, will be used in the fight against
AIDS and the balance will be spent on reducing poverty. "The bank has
earmarked these resources with a clear sense of urgency needed to deal
with the devastating effects of HIV/AIDS, and to do so in innovative
ways particularly targeted to support community-based interventions,"
the bank said in a statement. Tanzania owes the World Bank $2.6 billion
in loans. Tanzania's central bank says the country's total external
debt is $6.56 billion. In November last year, the International
Monetary Fund approved debt relief in the amount of $3.3 billion for
Tanzania to be spread over 20 years.
Back to other CDC news for December 5, 2002 Associated Press 12.03.02 This article was provided by U.S. Centers for Disease Control and Prevention. It is a part of the publication CDC HIV/Hepatitis/STD/TB Prevention News Update. |