Detailing on the source of the funding and its uses, the president said the US$100 million (over TShs230 billion) is from the International Monetary Fund (IMF) as a loan to Tanzania, and another US$100 million is for the Isles.
“The IMF fund will be directed to health, education, water and power sectors, as well as economically empowering wananchi (citizens/the public),” local media quoted President Mwinyi.
The president went ahead and gave a very detailed explanation of the planned use of the funding detailing each sector and the allocated amount and then he got to the part about funding to support businesses.
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