Tanzania: Fears Over Debt Servicing Allayed

Dodoma — THE government has allayed fears over the country's ability to settle a national debt currently amounting to Sh21 trillioncom, insisting that concrete financial management plans were underway to contain the situation.

The Minister for Finance and Economic Affairs, Dr William Mgimwa, informed the National Assembly that under the National Debt Strategy, which focuses on ways to control growth of the national debt, the government borrows from international financial institutions with fairly minimal interest rates.

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