Saturday, February 11, 2012

U.S. and Tanzania Sign Partnership for Growth

At a ceremony held at Prime Minister Mizengo Pinda's office on February 11, U.S. Assistant Secretary of State Johnnie Carson and Tanzanian Energy Minister William Mganga Ngeleja signed a Statement of Principles reaffirming the bilateral commitment to supporting the Partnership for Growth (PfG) Initiative. Tanzania is one of four countries globally - including El Salvador, Ghana, and the Philippines - participating in the PfG Initiative which aims to significantly enhance U.S. bilateral relationships with a select set of countries to accelerate and sustain broad-based economic growth, with the goal of creating the next generation of emerging markets. 

The United States developed PfG to implement development efforts through a more comprehensive and creative approach beyond traditional aid. The initiative will consider all the appropriate instruments of both governments to promote economic growth, including strategies to leverage the resources and tools of partners, especially the private sector, and to increase effectiveness of policies and institutions necessary for development. 

Assistant Secretary of State Johnnie Carson is in Tanzania leading an energy trade mission from February 8 through 11, that includes senior-level government officials and nine private American energy companies interested in potential investment projects with the aim of enhancing the country's ability to generate electric power. The Corporate Council on Africa is co-sponsoring the mission.

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