The 3 Week Diet System

Thursday, February 6, 2014

Canada commits 35.7 mln USD in support to Tanzania oil, gas industry

Feb. 7

DAR ES SALAAM, Feb. 6 (Xinhua) -- Canada has committed 35.7 million U.S. dollars in support to Tanzania's oil and gas industry.
Christian Paradis, the Canadian minister for international development, on Wednesday told a roundtable discussion entitled Beyond the G8 Canada-Tanzania Partnership on Transparency in the Extractive Industry, that Tanzania was doing better towards the development of the nascent gas and oil industry.
Paradis, who was on an official visit to the East African country, said Canada will support Tanzania in the implementation of three projects, including the energy sector capacity building project designed to help the government of Tanzania expand its natural gas sector and develop public private partnerships for power generation.
The Canadian minister mentioned the second project as improving skills training employment project aimed at assisting 11 training institutions over the next five years.
This project, he said, will help Tanzanian women and men to find gainful employment and self-employment in the extractive and tourism sectors that will help them to reduce poverty and contribute to the country's economic growth.
Paradis said the third project will focus on the public financial management reform program, which will concentrate on making budget processes more transparent, increasing revenues and improving the management of cash flow and debt.
He said this project was aimed at consolidating accounting and reporting systems that comply with international standards, and improve the performance of oversight bodies, including parliamentary committees.
"Canada is supporting Tanzania in so many ways because we believe in the country's immense potential," said Paradis.

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