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Published On: Wed, Apr 24th, 2024

WB Suspends Tanzania’s $150M Tourism Project Funding

                    

The world Bank (WB) has suspended the funding of a one Hundred and Fifty Million Dollar (150M) project in Tanzania after $100 million has already been disbursed for the project, which started in 2017, and seeks to improve Tanzania’s management of Natural resources in remote areas.

This suspension came after the Oakland Institute a human right group which serves as a   watchdog to the Marginalized communities called for the World Bank to stop funding the REGROW (Make something grow again) documenting grave rights abuse Native communities in the area suffers from.

This suspension took effect on April 18 and World Bank will not be financing the project anymore as statement from the Oakland Institute blames the Bank for their letdown to take timely action which they said resulted to “serious harm for local communities”.

“The group in a report released in November accused the World Bank of failing to hold Tanzanian authorities accountable for extrajudicial killings and sexual assaults relating to the expansion of Ruaha National Park” According to African News

The report also said this is a tactics the Tanzanian government is using to force communities away and surge tourism in Ruaha National Park, using the REGROW project as their goal line to intimately secure financing from World Bank

The World Bank said it “has zero tolerance for violence in the projects it finances, adding that a panel of inspectors was reviewing a complaint related to REGROW to determine whether a compliance audit into the concerns raised is warranted.”

A recent correspondence between the World Bank and the Oakland Institute shows the creditor confirming the suspension of further payments to REGROW “until we are confident that the project is upholding our environmental and social standards.”

 The Executive director of the Oakland Institute, Anuradha Mitta said the decision by World Bank to suspend funding for “a dangerous project” is a success for sidelined communities in the East African country and further said this is a signal to the Tanzanian Government.

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