IMF Approves $567m For Tanzania Covid-19 Vaccination Campaign

IMF Approves $567m For Tanzania Covid-19 Vaccination Campaign

The International Monetary Fund, simply IMF, has approved $567m to support Tanzania‘s Covid-19 vaccination campaign.

The executive board of IMF released a statement to confirm its key support to meet “the urgent health, humanitarian, and economic costs” of the pandemic.

The current president, Samia Suluhu Hassan, as compared to her predecessor, has been greatly praised for creating more awareness about the disease and ensuring people participate in the vaccination programmes. Tanzania’s late president, John Magufuli, never believed in the existence of the dangerous disease claiming lives round the world.

To begin with, the executive board of IMF has approved $189m to Tanzania through Rapid Credit Facility (RCF), with a disbursement of $378m under the Rapid Financing Instrument (RFI) respectively.

Although in general, Covid-19 vaccination in Africa is very low as compared to Europe and others. The East African country plans to borrow about $4.7bn with part of it from external sources in fighting Covid-19.

By Elijah Christopher

Elijah Christopher
Elijah Christopher is a journalist at A New Touch Of Africa, is also a creative writer, a poet, and an IT enthusiast. He contributed to the collaborative poem written in celebration of Edwin Morgan Centenary, the first Glasgow poet laureate and Scottish national poet from the University of Glasgow. He loves meeting people and learning about new places, cultures, events, and lifestyles.
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