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Tanzania is currently reforming its Deposit Insurance System
with the view of developing a separate governing law.
This will, among other
things, entail having an operationally independent deposit insurance
institution with extended mandate.
In a press statement circulated yesterday, Mr Mkila who is
also chairman of the Steering Committee for modernisation of DIB made the
remarks as he was officially opening a final reporting workshop on 2012
Knowledge Sharing Programme (KSP).
The workshop was jointly organised by the Korea Deposit
Insurance Corporation (KDIC) and the DIB that was held in Dar es Salaam at the
weekend.
KDIC has been offering technical assistance to DIB in the
process of modernisation with the view of making the system more effective in
maintaining country’s finances.
Mr Mkila requested the Korean government to extend its
technical assistance to DIB.
The other tasks to be handed by the resident advisor would
be in capacity building and others.
“The sharing of specific experiences on the reform of Korean
Deposit Insurance System, successes during the Asian and global financial
crisis and current status of KDIC key activities is a very valuable investment
for the future strength and sustainability of the Tanzania’s DIB,” he said.
In his welcoming remarks, DIB director Abraham Rasmini said
Deposit Insurance was one of the mechanisms employed by governments to enhance
public confidence in the banking systems and consequently maintain stability of
the financial system.
Source: The Citizen, www.thecitizen.co.tz,
reported by Ludger Kasumuni in Dar es Salaam
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