Lending to Live?  

By Timothy Kitundu
Can we compete with the Tsunami in the race of getting international aids to survive this year with as much as 41 per cent of the nation’s revenue being dependent on grants and loans? Perhaps we can, as experts point out, these grants only contribute to the cause of esoteric research and elite projects, hardly aiming at changing peoples’ lives. It is not exactly something to be proud of. And with the Tsunami striking the Asian coast draining huge amounts of international resources and aids towards rehabilitation and reconstruction of the affected areas, can we, as a nation rest in peace with over 41 per cent of our budget revenues coming in form of international assistance?
The apprehension that the amount of grants, funds and aids whatever you call them, might reduce after Tsunami attracting the major pie of international attention and funds is looming large over the nation.

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Minister for Industries and Trade, Dr. Juma Ngasongwa (R) talks with Permanent Secretary, President's Office (Planning and Privatisation) Dr. Enos Bukuku, soon after the minister inaugurated the World Development Report 2005 Dissemination Workshop, held last week at the New Africa Hotel, Dar es Salaam. (Photo by Peter Mongo)

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