Tanzania Economic Update, December 2019 : Transforming Agriculture - Realizing the Potential of Agriculture for Inclusive Growth and Poverty Reduction

Tanzania was again one of the top growth performers in the region. Official GDP figures show that growth remained steady in the first half of the year, driven by higher public investment and by a recovery in exports. Inflation has been low and stab...

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Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	MACROECONOMIC MANAGEMENT ECONOMIC GROWTH RISKS EAST AFRICAN COMMUNITY FINANCIAL SERVICES CLIMATE CHANGE DEBT AGRICULTURAL PRODUCTIVITY AGRICULTURE TRANSFORMATION REGULATION INVESTMENT
Online Access:	http://documents.worldbank.org/curated/en/213061575479179256/Tanzania-Economic-Update-Transforming-Agriculture-Realizing-the-Potential-of-Agriculture-for-Inclusive-Growth-and-Poverty-Reduction http://hdl.handle.net/10986/32791

id	okr-10986-32791
recordtype	oai_dc
spelling	okr-10986-327912021-09-16T15:10:26Z Tanzania Economic Update, December 2019 : Transforming Agriculture - Realizing the Potential of Agriculture for Inclusive Growth and Poverty Reduction World Bank Group MACROECONOMIC MANAGEMENT ECONOMIC GROWTH RISKS EAST AFRICAN COMMUNITY FINANCIAL SERVICES CLIMATE CHANGE DEBT AGRICULTURAL PRODUCTIVITY AGRICULTURE TRANSFORMATION REGULATION INVESTMENT Tanzania was again one of the top growth performers in the region. Official GDP figures show that growth remained steady in the first half of the year, driven by higher public investment and by a recovery in exports. Inflation has been low and stable, and the balance of payments is quite sound despite a widening current account deficit. Exports are recovering from last year’s contraction. The Government's Tanzania Development Vision 2025 and the Five-Year Development Plan (FYDP II) set out ambitious goals for reducing poverty and sustainably industrializing so that the country can achieve middle-income status by 2025. The government recognizes agriculture as central to realizing its objectives of socioeconomic development, which are well-articulated in the Second Agriculture Sector Development Program (ASDP II). Among the goals of ASDP II are to transform agriculture by promoting commercialization, prioritizing high-potential commodity value chains, and mobilizing capital by giving the formal private sector a growing role in agriculture. Because agriculture and related value chains drive two-thirds of all jobs—three-quarters for the poor— the sector is central to creating more and better jobs at scale and significantly reducing poverty. 2019-12-05T21:36:37Z 2019-12-05T21:36:37Z 2019-12 Report http://documents.worldbank.org/curated/en/213061575479179256/Tanzania-Economic-Update-Transforming-Agriculture-Realizing-the-Potential-of-Agriculture-for-Inclusive-Growth-and-Poverty-Reduction http://hdl.handle.net/10986/32791 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling Africa Tanzania
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	MACROECONOMIC MANAGEMENT ECONOMIC GROWTH RISKS EAST AFRICAN COMMUNITY FINANCIAL SERVICES CLIMATE CHANGE DEBT AGRICULTURAL PRODUCTIVITY AGRICULTURE TRANSFORMATION REGULATION INVESTMENT
spellingShingle	MACROECONOMIC MANAGEMENT ECONOMIC GROWTH RISKS EAST AFRICAN COMMUNITY FINANCIAL SERVICES CLIMATE CHANGE DEBT AGRICULTURAL PRODUCTIVITY AGRICULTURE TRANSFORMATION REGULATION INVESTMENT World Bank Group Tanzania Economic Update, December 2019 : Transforming Agriculture - Realizing the Potential of Agriculture for Inclusive Growth and Poverty Reduction
geographic_facet	Africa Tanzania
description	Tanzania was again one of the top growth performers in the region. Official GDP figures show that growth remained steady in the first half of the year, driven by higher public investment and by a recovery in exports. Inflation has been low and stable, and the balance of payments is quite sound despite a widening current account deficit. Exports are recovering from last year’s contraction. The Government's Tanzania Development Vision 2025 and the Five-Year Development Plan (FYDP II) set out ambitious goals for reducing poverty and sustainably industrializing so that the country can achieve middle-income status by 2025. The government recognizes agriculture as central to realizing its objectives of socioeconomic development, which are well-articulated in the Second Agriculture Sector Development Program (ASDP II). Among the goals of ASDP II are to transform agriculture by promoting commercialization, prioritizing high-potential commodity value chains, and mobilizing capital by giving the formal private sector a growing role in agriculture. Because agriculture and related value chains drive two-thirds of all jobs—three-quarters for the poor— the sector is central to creating more and better jobs at scale and significantly reducing poverty.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Tanzania Economic Update, December 2019 : Transforming Agriculture - Realizing the Potential of Agriculture for Inclusive Growth and Poverty Reduction
title_short	Tanzania Economic Update, December 2019 : Transforming Agriculture - Realizing the Potential of Agriculture for Inclusive Growth and Poverty Reduction
title_full	Tanzania Economic Update, December 2019 : Transforming Agriculture - Realizing the Potential of Agriculture for Inclusive Growth and Poverty Reduction
title_fullStr	Tanzania Economic Update, December 2019 : Transforming Agriculture - Realizing the Potential of Agriculture for Inclusive Growth and Poverty Reduction
title_full_unstemmed	Tanzania Economic Update, December 2019 : Transforming Agriculture - Realizing the Potential of Agriculture for Inclusive Growth and Poverty Reduction
title_sort	tanzania economic update, december 2019 : transforming agriculture - realizing the potential of agriculture for inclusive growth and poverty reduction
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/213061575479179256/Tanzania-Economic-Update-Transforming-Agriculture-Realizing-the-Potential-of-Agriculture-for-Inclusive-Growth-and-Poverty-Reduction http://hdl.handle.net/10986/32791
_version_	1764477304485969920

Tanzania Economic Update, December 2019 : Transforming Agriculture - Realizing the Potential of Agriculture for Inclusive Growth and Poverty Reduction

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