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					OPENING STATEMENT BY DEPUTY MINISTER FOR FINANCE
        HON. DR. FESTUS B. LIMBU (MP) AT THE
 DEBT SENSITIZATION SEMINAR TO PARLIAMENTARIANS
    WHITESANDS HOTEL DSM - 31ST OCTOBER, 2003.


Honourable Speaker,
The Chairman, Parliamentary Economic and Finance
Committee, Hon. Njelu Kasaka
Honourable Ministers
Honourable Members of Parliament
MEFMI Executive Director Dr. Marruping
Permanent Secretaries
Distinguished participants
Ladies and Gentlemen.


    At the outset, let me extend a warm welcome to all of
you at this important seminar. Let me also recognize the
collaboration which has existed between MEFMI, Debt Relief
International and the Government of Tanzania on matters
related to debt management.




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    Mr. Chairman, since this is a halfday seminar and
there are a number of important papers to be presented and
discussed, I will be very brief to give more time for the
discussions. The presentations are to be made by our debt
specialists from within the country and our collaborating
institutions to give you opportunity to hear the experts
views.


    Mr. Chairman, as you may be aware, the Government
has instilled a culture of giving feedback and keeping the
public abreast of important economic development issues
through the use of organized forums and the media. As part
of this commitment we hold debt related seminars for
relevant stakeholders on an annual basis. Today, as a
testament to this, we will be giving an update on relevant
debt issues and share our experiences and efforts that have
been employed to deal with the causes of the debt problem
and its management.




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     Today, I am expecting that this debt management
seminar will have a variety of flavours. This is because it
involves various institutions with a variety of skills and
experiences on debt management.


     Mr Chairman, in recognition of the importance of
prudent debt management, the Parliament has been playing
a central role in debt related legislative matters. Examples of
this include the recent adoption of the National Debt
Strategy and the passing of the amendment of the
Government Loans, Guarantees and Grants Act, no. 30 of
1974. As of today we are moving towards fuller enforcement
of the Act and the National Debt Strategy so as to achieve
the main objective, which is to guide prudent debt
management for achievement of sustainability and faster
economic growth.


Mr. Chairman, one additional role of this sensitization
seminar is to air information on debt management to the


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general public. It is through your presence here that this
valuable information will be able to reach the majority of the
Tanzanian population. I thus request you all to help in the
dissemination     of   this   information   in   your   respective
constituencies. In future, we would like to see that such
seminars are used as avenues for getting feedback from the
general public.


     Mr Chairman, I would like to conclude, by once again,
thanking you all for accepting our invitation to participate at
this seminar. I am positive that this seminar will be fruitful
and that everyone of us present here will have a positive
experience and be able to walk away with some new and
valuable information.


     With these few remarks, while thanking you, I have
pleasure to now declare the seminar officially open.




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