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KARIBU TANZANIA/ WELCOME TO TANZANIA

Thursday, September 18, 2008

Britain gives Tanzania $184 million budget support

DAR ES SALAAM (Reuters) - Britain has given Tanzania $184.4 million to support its 2008/09 budget, the east African nation said on Thursday.
Britain's contribution is part of at least $700 million that has been pledged by 14 major donors as direct budget support, which is equivalent to 12 percent of state spending in 2008/09, which runs from July to June.
"This money is already in the government's account in the central bank, as of yesterday," Finance Minister Mustafa Mkulo told reporters in the commercial capital Dar es Salaam.
The World Bank, African Development Bank, European Union and 11 nations, mostly in Europe, would provide the remainder of the $700 million in direct budget support, he said.
Tanzania is among Africa's highest per capita aid recipients.

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