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Old_Observer

Tanzania: Next hope for black Africa now officially into Middle income countries club

By Old_Observer, in Politics

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Old_Observer
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It might be at lower level but what Tanzanians had planned to do in 2025 has already been achieved 5 years ahead.

"We had envisaged achieving this status by 2025 but with strong determination this has been possible in 2020," Magufuli (President of Tanzania) wrote in the tweet.


"Discipline in financial expenditure and the prevailing peace and tranquility also helped the country to earn the middle income status from the World Bank," Hassan Abbasi, the chief government spokesperson told a news conference in the capital Dodoma.


The World Bank has categorized Tanzania as a lower-middle income country after the country made economic reforms, including making consistent plans and taking hard decisions aimed at improving its economic development, a senior official said on Thursday.

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