Tanzania - CRDB Bank Limited

This intervention concerns the opening of a credit line of up to US $ 120 million for the benefit of CRDB Bank Plc, Tanzania's largest commercial bank. The proposed credit line will support the development of infrastructure that currently constrains Tanzania's economic growth. The CRDB should surrender at least 25% of the credit line product to small and medium-sized enterprises (SMEs) operating in the construction, transport and services sectors in Tanzania. This financing facility will also expand the provision of credit to women-owned businesses, which represent key segments to create more jobs and promote inclusive growth in the Tanzanian economy. It will also encourage regional trade and promote regional integration by increasing the capacity of the country's port and airport, which will also boost tourism and government revenues.