United Republic of Tanzania Systematic Country Diagnostic : To the Next Level of Development
Tanzania began its independence as a socialist country, but in the 1980s economic difficulties pushed it to adopt macroeconomic reforms, among them removing direct controls on prices and exchange and interest rates and opening up industry to privat...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/510681488823616126/Tanzania-Systematic-Country-Diagnostic http://hdl.handle.net/10986/26236 |
| Summary: | Tanzania began its independence as a
socialist country, but in the 1980s economic difficulties
pushed it to adopt macroeconomic reforms, among them
removing direct controls on prices and exchange and interest
rates and opening up industry to private investment. Reforms
intensified in the second half of the 1990s with steep cuts
in public spending, which helped the Government to move from
fiscal deficits to surpluses. Inflation was brought under
control. Exchange rate stability was restored, and the
Government carried out structural reforms to boost exports,
liberalize domestic markets, and reduce public sector
involvement in the economy. This Systematic Country
Diagnostic (SCD) provides an informed and integrative
perspective on what Tanzania can do to move its national
goals forward. The primary aim of the SCD is to analyze the
country’s current opportunities and challenges and identify
priority areas for policy action. The findings will be the
foundation for the Country Partnership Framework (CPF),
which will guide the engagement of the World Bank Group
(WBG) with Tanzania for the next five years. The SCD builds
on a wide range of analyses conducted by the WBG, the
Government, and other institutions. The World Bank’s Country
Economic Memorandum (CEM) 2014 and poverty assessment 2015
have contributed to the diagnostic, and the Policy Notes for
the New Administration, presented in December 2015, helped
set the sector-specific policy agenda and informed the
analysis of binding constraints and potential solutions.
Consultations for the SCD brought in a broad range of stakeholders. |
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