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Tanzania Leverages New IDA Financial Product to Maximize Savings

Tanzania secured the largest World Bank policy loan in the country’s history to foster inclusive and resilient growth. The US$500 million financing leverages International Development Association’s (IDA’s) new highly concessional product – the Shorter Maturity Loan – and blends it with a regular IDA Scale-Up Window loan, which is on market-based terms. The blended package will save Tanzania almost US$1 in interest cost1 for every US$3 it borrows.