Tanzania: COVID-19 - Magufuli Calls for Debt Relief

Dar es Salaam — President John Magufuli yesterday called upon international financial institutions to consider extending debt relief to poor countries so that they can use the funds to fight against Covid-19.

The World Bank has set up a fast-track financing facility for Covid-19, which Dr Magufuli said was a good gesture, noting, however, that a debt relief would make a better economic sense than facilities that would entice poor countries into getting more loans which would create a new repayment burden in future.

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