Donors

SECO-IFC Tanzania Leasing Program is being implemented with the generous support of the State Secretariat for Economic Affairs of Switzerland (seco). seco participates in the international community’s efforts to help developing countries. Each year, Switzerland spends approximately Sfr 1.5 billion on development aid, a figure which corresponds to about 0.34 percent of Switzerland’s gross national product.

seco is responsible for the formulation of Swiss policy on cooperation with developing countries. Together with the Swiss Agency for Development and Cooperation, seco determines what path Switzerland's multilateral policy should follow, mainly in the form of contributions made to developing countries, channeled through such international organizations as the World Bank Group, regional development banks, and specialized agencies of the United Nations.

seco’s objectives in the economic development cooperation program are:

• To help developing countries to reach the stage of development most favorable to growth and investment.
• To mobilize private sector resources as a means of increasing the flow of finance to developing countries, as well as technology transfer.
• To improve productive and social infrastructure.
• To achieve greater integration of developing countries in international trade.