Africa Commonwealth Coronavirus Debt Economy Tanzania

Tanzania reiterates appeal for cancellation of debts amid COVID-19

The government of Tanzania reiterated its appeal on Wednesday to lenders for cancellation of debts of developing countries to enable them to fight the COVID-19 pandemic.

Palamagamba Kabudi, the Minister for Foreign Affairs and East African Cooperation said the cancellation of the debts will enable developing countries, including Tanzania, to use the money earmarked for repaying debts for mitigating the impacts caused by COVID-19.

A statement issued by the Ministry of Foreign Affairs and East African Cooperation said Kabudi made the appeal in a video conference meeting with officials of the Commonwealth.

The statement said the meeting discussed how international organizations could support developing countries in building capacity for production of medical supplies to enable them to cope with outbreaks of epidemics like the COVID-19.

Also read: Africa’s debt relief talks inch forward

The statement said the meeting also addressed the importance of technology in the fight against the deadly viral disease, adding that Commonwealth countries underlined the importance of exchanging technology pertaining to healthcare delivery.

In April 2020, President Magufuli appealed to the World Bank and other international financial institutions to cancel debts of developing countries to enable them to fight the COVID-19 pandemic.

Source: Xinhuanet

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