Announcement of Three Million Three Hundred Thousand Dollars Credit for Education in Tanzania on February 4, 1971

• INTBRNATIONAL DEVELOPMENT ASSOCIATION 1818 H STREET, N.W., WASHINGTON D. C. 20433 TELEPHONE: EXECUTIVE 3-6360 IDA Press Release No. 71/5 Subject: $3.3 million credit for February 4, 1971 education in Tanzania The International Development Association (IDA) today announced a $3.3 million credit to Tanzania to finance the expansion of facilities for agricultural training. The credit will help finance the construction or expansion of nine Rural Training Centers for farmer training and four agricultural institutes to train personnel for employment as field officers in the agricultural extension and other services. It will also help finance related technical • assistance • This is the third IDA credit for education in Tanzania. The two previous credits totaling $9.6 million were extended to assist the expansion of the secondary school system, teacher training facilities and expansion of the Dar es Salaam Technical College. The agricultural institutes will make possible an increase of about 250 in the yearly 0·1tput of trained field officers for extension services. The new Rural Training Centers will supplement the work of the agricultural extension services by providing short courses of training for about 25,000 farmers a year. The IDA credit represents 70% of the total cost of the project, estimated at $4.7 million, and covers all of the foreign exchange component and part of the local currency expenditure. It is IDA's ninth to the United Republic • of Tanzania and, together with three previous World Bank loans, brings World Bank Group lending commitments to Tanzania to $102.9 million. /more IDA P.R. NO. 71/5 -- Tanzania -- education - 2 - The credit is for a term of 50 years, including a 10-year grace period. • It will be interest free but carries a 3/4 of 1% service charge to meet IDA's administrative costs. Tanzania's development strategy is focused upon the agricultural sector, which accounts for about 40% of gross domestic product, some 75% of exports and over 90% of total employment. Tanzania's agricultural education plan, including the present project, is partly based on preparatory studies made in 1969 by a joint IDA/FAO Cooperative Program mission. • - 0 - •