{"id":44324,"date":"2022-01-03T16:10:44","date_gmt":"2022-01-03T16:10:44","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=44324"},"modified":"2022-01-03T15:33:53","modified_gmt":"2022-01-03T15:33:53","slug":"forum-backs-borrowing-to-finance-key-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/forum-backs-borrowing-to-finance-key-projects","title":{"rendered":"Forum backs borrowing to finance key projects"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>ECONOMIC and financial pundits yesterday cast weight on the importance of the country taking loans, with the government revealing mechanisms it has to see into it that they finance different projects.<\/p>\n

The experts pulled together during the virtual forum to dis- cuss the importance of good management of loans in the implementation of strategic projects.<\/p>\n

Central Bank Governor Prof Florens Luoga told the participants that the advantages and disadvantages of loans depend on the management of a particular loan(s).<\/p>\n

\u201cIt\u2019s the issue of carefulness when taking loans, this means considering taking concessional loans. Loans should not be taken blindly; the country has to have strategies, which are regularly re-viewed,\u201d Prof Luoga explained.<\/p>\n

He said Tanzania has been considering those factors to minimize risks and it has worked in the past, adding: \u201cIt is important to ensure that the country\u2019s public debt remains sustainable. Tanzania\u2019s economy is diversified… thus its debt is sustainable and stable.\u201d<\/p>\n

Elaborating, Constitution and Legal Affairs Minister Prof Palamagamba Kabudi said that before the government signs any loan agreement, the office of the Attorney General that analyses them has a duty to scrutinize and give legal advice.<\/p>\n

\u201cThe AG goes through the contracts keenly and professionally and sees if the conditions set are friendly, including loan payment schedule to avoid de-fault. Until now, all loans taken have been directed to building national economy…we can\u2019t put national resources as loan mortgage,\u201d Prof Kabudi stressed.<\/p>\n

He noted that in the past six years the government has invested heavily in the infrastructures\u2019 implementations citing some as roads\u2019 repairs, and electrical installations as well as in other social services.<\/p>\n

For More News And Analysis About Tanzania<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. ECONOMIC and financial pundits yesterday cast weight on the importance of the country taking loans, with the government revealing mechanisms it has to see into it that they finance different projects. The experts pulled together during the virtual forum to dis- cuss the importance of good management of loans in the implementation […]<\/p>\n","protected":false},"author":84,"featured_media":44323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,8,16],"tags":[6990,6991,711],"class_list":["post-44324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nForum backs borrowing to finance key projects - Tanzania<\/title>\n<meta name=\"description\" content=\"ECONOMIC and financial pundits yesterday cast weight on the importance of the country taking loans, with the government ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/forum-backs-borrowing-to-finance-key-projects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forum backs borrowing to finance key projects\" \/>\n<meta property=\"og:description\" content=\"ECONOMIC and financial pundits yesterday cast weight on the importance of the country taking loans, with the government ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/forum-backs-borrowing-to-finance-key-projects\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-03T16:10:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2022\/01\/img-61d3174ac1dca.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/forum-backs-borrowing-to-finance-key-projects#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/forum-backs-borrowing-to-finance-key-projects\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Forum backs borrowing to finance key projects\",\"datePublished\":\"2022-01-03T16:10:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/forum-backs-borrowing-to-finance-key-projects\"},\"wordCount\":293,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/forum-backs-borrowing-to-finance-key-projects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2022\/01\/img-61d3174ac1dca.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/forum-backs-borrowing-to-finance-key-projects#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/forum-backs-borrowing-to-finance-key-projects\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/forum-backs-borrowing-to-finance-key-projects\",\"name\":\"Forum backs borrowing to finance key projects - 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