The World Bank has officially classified Tanzania as a lower middle income economy under its latest country income classifications released on Wednesday.
Finance and Planning Minister, Dr. Philip Mpango revealed this in Dodoma on Wednesday, saying the tremendous achievement has arrived five years ahead of the Tanzania Development Vision - 2025.
President John Magufuli, who is credited for spearheading key economic reforms and leading the country towards achieving its middle income status, expressed his delight upon receiving the news through his Twitter account.
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