At the INFF Facility: Country-led dialogue on the sidelines of the 2026 FFD Forum, held on 20 April 2026 at UNHQ, Mr. Rished Bade, Acting Deputy Permanent Secretary, Ministry of Finance and Planning, Tanzania, presented Tanzania’s INFF as a practical tool for turning development plans into financing results.
The speech highlights Tanzania’s alignment of its five-year development plan with a $50 billion financing roadmap, Zanzibar’s sustainable financing strategy and a range of concrete instruments, including subnational green bonds, a sovereign sukuk, corporate green bonds, sustainability and gender bonds, blended finance for agriculture and SDG Investor Maps. It also underlines the importance of local government financing pilots, tax reform, credit ratings, agriculture insurance and strong partnerships, especially with UNDP, in translating the Sevilla Commitment into country-level action.
You can find the full script below:
On behalf of the United Republic of Tanzania, I am greatly honoured to address you today on the critical role of Integrated National Financing Frameworks, or INFFs, as a powerful tool for financing national priorities and translating development plans into concrete actions.
At the outset, I wish to acknowledge and recognize the strong and continuous partnership with the United Nations Development Programme, UNDP, and through UNDP, other development partners, whose support has been instrumental to Tanzania throughout the INFF journey, from design to implementation.
Over the past five years, Tanzania has aligned its national development planning with clear financing strategies. As a result, the five-year development plan is supported by a comprehensive roadmap to mobilise resources estimated at around $50 billion.
In addition, the semi-autonomous Zanzibar has developed its sustainable financing strategy under the INFF, which is aligned with the Zanzibar Development Plan. More importantly, this alignment has delivered tangible results on the ground.
Allow me to highlight a few examples.
To begin with, Tanzania has successfully leveraged capital markets to finance development priorities. A landmark achievement is the issuance of a subnational green bond by the Tanga Urban Water Supply Authority, which is improving water access and service reliability.
In addition, Zanzibar recently launched its first sovereign sukuk bond, financing major infrastructure projects across transport, health and ports.
At the corporate level, sustainable financing has gained strong momentum in Tanzania. The first corporate green bond, valued at approximately $300 million, has become the largest of its kind in Sub-Saharan Africa and was significantly oversubscribed.
At the same time, sustainability and gender bonds have mobilised financing for thousands of small and medium-sized enterprises, including women-led businesses. This demonstrates how INFFs can directly support inclusive economic growth.
Furthermore, Tanzania has expanded the use of blended finance through institutions such as the Tanzania Agricultural Development Bank, where relatively modest public investment has leveraged significantly larger private financing. This has mobilised tens of millions of dollars to support agricultural value chains and nearly 570,000 farmers, illustrating how INFFs can reduce risk and unlock private capital at scale.
In parallel, the country has made notable progress in strengthening domestic revenue mobilisation. Tax reforms and digitalisation, including new revenue systems across the country, are improving efficiency and expanding fiscal space.
Equally important, the INFF is supporting the development of investment pipelines through the SDG Investor Map. Tanzania has identified priority sectors and concrete investment opportunities. These efforts contribute to mobilising billions in private investment and increasing the number of registered projects from just over 250 in 2021 to more than 900 in 2024.
At the subnational level, local governments are emerging as key drivers of change. Pilot initiatives in cities such as Dodoma, Kibaha and Temeke are developing localised financing frameworks and identifying bankable projects tailored to local needs. This ensures that development financing is both strategic and inclusive.
A central lesson from Tanzania’s experience is that strong country leadership is the key enabler of progress. Government ownership at both national and local levels is driving reforms, strengthening coordination and ensuring alignment with national priorities.
At the same time, partnerships have played an important supporting role. I would like to again acknowledge and recognize the valuable partnership we have received from UNDP at the midpoint of our journey. Its technical expertise and sustained collaboration have supported key reforms, strengthened institutions and helped translate the INFF framework into practical results.
International cooperation has helped advance tax reforms, improve credit ratings and expand access to global capital markets, while remaining aligned with country-led priorities.
A notable milestone in this journey is the establishment of the Presidential Commission on Tax Reforms in August 2024. This initiative elevates tax reform to the highest political level and provides a platform for dialogue and action on national tax policy. It reinforces efforts to strengthen domestic resource mobilisation, improve tax administration and align fiscal systems with the Sustainable Development Goals.
Recent credit ratings further reflect growing confidence in Tanzania’s economic trajectory. In February 2026, Moody’s reaffirmed the country’s long-term issuer rating at B1 with a stable outlook, while in March 2026, Fitch reaffirmed its rating at B+ with a stable outlook. This assessment highlights strong economic growth.
Allow me to briefly turn to agriculture insurance.
Agriculture in Tanzania is very important and needs strengthened financial resilience under the INFF. Although agriculture remains central to employment and food security, it accounts for less than 1 percent of the insurance market.
To address this, Tanzania is adopting a more inclusive, government-led approach. Through financial resilience in agriculture, efforts are underway to improve data quality and reliability, reduce risks and encourage investment in agricultural insurance, particularly micro-insurance.
The adoption of the Sevilla Commitment at the Fourth International Conference on Financing for Development reflects renewed global efforts for sustainable development and the strengthening of national financial architecture. Tanzania’s experience demonstrates how such commitments can be translated into action at the country level.
Looking ahead, Tanzania will continue to build on this progress by focusing on several key priorities. Central to this is the development of bankable project pipelines at the local government level, building on successful pilot initiatives and scaling them nationwide through the systematic identification, preparation and promotion of investment-ready projects aligned with national and sustainable development goals.
In conclusion, Tanzania’s experience demonstrates that INFFs are not merely technical tools, but powerful enablers of transformation. They translate national ambitions into actionable financing strategies, mobilise diverse sources of capital and ultimately deliver tangible results for people and communities.
In closing, I wish once again to acknowledge and recognize the enduring partnership with our development partners.
Thank you very much.
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