Tanzania & World Bank Sign $4M Grant & $100M Loan to Empower Women

Two financing agreements has been signed by Tanzania with the World Bank with an intent to assist an initiative entitled as ‘Pamoja Project’. This project aims towards advancing gender equality. Headquartered in Washington, DC, the bank caters in the International Trade and Development industry with specialities in Global Development Finance/Lending, Development Knowledge, Advisory Services and a lot more.

The agreement holds a combination of a grant worth $4 million alongside a concessional loan of $100 million. It will fund efforts towards promoting economic opportunities for females while enhancing services for preventing gender-based violence (GBV) and responding to it.

In addition, Dr Mwigulu Nchemba, the minister for Finance said that this project aligns with the Third National Five-Year Development Plan (2021/22-2025/26) of Tanzania as well as the Draft Development Vision 2050.

He said, “Under President Samia Suluhu Hassan, gender equality is a central priority. The Pamoja Project is a testament to our commitment to the Sustainable Development Goals, particularly SDG 5, and to achieving inclusive growth that leaves no one behind.”

He added, “Advancing gender equality is not just a women's issue. It is fundamental to building a democratic, just, and prosperous nation. Closing gender gaps significantly boosts economic productivity and fosters resilience.”