The British High Commissioner to Tanzania, Diane Corner has commended the bilateral relation between Tanzania and her country saying that investors put their money in Tanzania because they trust it.
The High Commissioner made the remark on Monday during the celebrations to mark the Diamond Jubilee of her Majesty Queen Elizabeth II.
She said the Diamond Jubilee remind them of the extraordinary service that The Queen has rendered over the 60 years of her reign.
The Queen’s service as the Head of State for the United Kingdom and 15 other countries, and her dedication to duty as Head of the Commonwealth, has inspired admiration, affection and a profound sense of trust, a trust that she will always fulfill her responsibilities, that she will not let us down, Corner said.
“Trust is the quality that is at the heart of so much of human activity. It’s at the heart of doing good business – fulfilling your obligations, honoring your contracts,” she said
Corner added “When an investor puts his or her money into a country that is also a sign of trust and in Tanzania we have seen larger and larger investments by foreign companies, including in particular by British companies.
“We and our EU partners work with the Tanzanian authorities to improve the business climate, to foster mutual trust, so that all can enjoy the benefits brought by international trade,” she said.
Corner said trust is at the heart of the relationships underpinning development assistance, and this is particularly true of an instrument such as General Budget Support.
Donors entrust aid money to a government, to use it wisely and well to improve the lives of their citizens.
She said Tanzania still receives more money through GBS than any other country with Britain the largest GBS donor.
Donor governments are in turn in a relationship of trust with their taxpayers, who need to know that their tax is being used well.
That is why we and other donors hold a robust dialogue with the Government of Tanzania, and it will be chaired this year by the UK’s Department for International Development.