|Approval Date||14 Oct 2020|
|Planned Completion Date||31 Dec 2021|
|Last Disbursement Planned Date||31 Dec 2021|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The proposed operation relates to a loan of UA 36 million to the United Republic of Tanzania from the country’s ADF-15 Performance Based Allocation to finance the Crisis Response Budget Support Program (TCRBSP). This operation is prepared in accordance with the Bank Group’s COVID-19 Response Facility (CRF) and in response to a request from the Tanzanian Government dated 23 April 2020. Indeed, Tanzania’s first recorded case of COVID-19 was on 26thMarch 2020 and has reported 509 cases and 21 deaths. In response to the pandemic, Government of Tanzania (GoT) has prepared a National COVID-19 response plan (NCRP) estimated at TZ 250billion (US$ 109 million) to develop and coordinate mitigation measures as well as mobilize resources. This response plan aims to prevent and detect the threats posed by COVID-19, while strengthening the country’s systems preparedness for public health emergencies. The purpose of the proposed operation is to support the Government of Tanzania’s (GoT) efforts to build 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. The operation consists of three broad mutually reinforcing components namely:(i) Safeguard economic resilience against COVID-19 shocks; (ii) Strengthen the health system to contain COVID-19 spread and (iii) Mitigate the impact of COVID-19 on the vulnerable.
The goal of the program is to support GoT’s efforts to respond to COVID19 and mitigate its economic and social impacts on local businesses and households, particularly the poor. The program’s support of these is fully aligned with ADF-15 priority agenda on the addressing and preventing fragility and vulnerability. Consistent with GoT’s plan to address the crisis, the operational policy objectives of the program will support the implementation of the National COVID-19 Response Plan (NCRP) and Tanzania Social Action Fund (TASAF).
The program will benefit all the citizens of Tanzania by contributing to safeguarding the country’s macroeconomic stability, building resilience and supporting a more inclusive economic recovery. The direct beneficiaries from the program are various households, the private sector and participants in the government social protection program, notably TASAF. The program will assist with safeguarding the livelihoods of vulnerable women and men, through gender-inclusive social protection programs and COVID-19 relief schemes. Furthermore, the program will support strengthening and expanding the capacity of the country’s health systems in order to improve and strengthen basic service delivery.
African Development Fund
MINISTRY OF PLANNING, ECONOMIC AND EMPOWERMENT
|Last Update||22 Nov 2020|
|Country||Tanzania, United Republic of|