World Bank grants Tanzania USD25 million to boost yields

The World Bank Board of Executive Directors has yesterday approved dishing out USD25 million to boost the productivity of Tanzania’s agriculture sector through timely delivery of seeds and fertilisers to 300,000 farmers, and additional financing of USD30 million to enable farmers access the latest knowledge of agricultural, farming technology and irrigation infrastructure.

A statement availed to this paper from the World Bank said the funds will be provided by the International Development Association, which helps the world’s poorest countries by providing loans (referred to as “credits”) and grants to run projects and programmes which would boost their economic growth, reduce poverty, and improve poor people’s lives.