Tanzania secures $300 million from World Bank to boost disaster preparedness

Residents survey the aftermath of flooding in the town of Katesh, Tanzania, on December 3, 2023. PHOTO | COURTESY


Dar es Salaam. An estimated 1.9 million Tanzanians are expected to benefit from improved disaster preparedness and response capabilities, following the approval of $300 million (about Sh790 billion) in financing from the World Bank Group.

The new support, according to a statement issued by the World Bank, comprises a $100 million Development Policy Financing (DPF) package in the form of budget support and a $200 million Catastrophe Deferred Drawdown Option (Cat-DDO) from the International Development Association (IDA).