DAR ES SALAAM, Dec. 8 (Xinhua) -- The governments of Tanzania and South Korea on Tuesday signed a framework arrangement that will enable Tanzania to access concessional loans from the latter's Economic Development Cooperation Fund (EDCF) to a maximum of 300 million U.S. dollars to finance development projects.
The agreement was signed in the commercial capital Dar es Salaam between the permanent secretary of the Ministry of Finance and Planning, Doto James, and Cho Tae-Ick, the South Korean ambassador to Tanzania.