Tanzania to Sell Gold Reserves to Fund Infrastructure Amid Reduced Donor Support
Tanzania to Sell Gold Reserves to Fund Infrastructure Amid Reduced Donor Support
Tanzania to Sell Gold Reserves to Fund Infrastructure Amid Reduced Donor Support
Tanzania has announced plans to sell a portion of its gold reserves to finance key infrastructure projects, as declining donor support pushes the government to seek internal funding solutions.
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President Samia Suluhu Hassan authorized the move, emphasizing the need for strategic resource management to meet the country’s fiscal demands. The Bank of Tanzania confirmed the nation holds substantial gold reserves, highlighting the potential scale of the initiative.
Analysts note that the decision reflects a broader trend across African countries, where reduced aid from international donors is prompting governments to explore domestic assets and revenue streams to support development and economic stability.
Tanzania to Sell Gold Reserves to Fund Infrastructure Amid Reduced Donor Support
