The World Bank is set to give Tanzania a $446 million loan, through the Tanzania Action Fund, to help the country in the fight against poverty.
The Tanzania Action Fund will use the funding to enable poverty-stricken households to run income-generating activities.
However, the five-year program will cost a total of $866 million. The action fund will then source the additional funding from other organizations including the OPEC Fund for International Development, which has committed to give $50 million.
The first phase of the project was carried out between 2015 and 2017. However, there are speculations that there are households who are not poor who still enrolled for the program.
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