Tanzania: Reform and Progress, 1995–2007

Robert Sharer and Gray S. Mgonja
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Gray S. Mgonja: Ministry of Finance of Tanzania

Chapter 5 in Successes of the International Monetary Fund, 2009, pp 85-105 from Palgrave Macmillan

Abstract: Abstract Tanzania’s economic performance over the last decade or so has been a major success by any standards. Viewed in narrow terms, real income per capita has increased by almost 50 percent, reversing the declining trend of many years. High inflation, which had destroyed savings and economic incentives, was brought down to single digits and the real level of government expenditures on infrastructure and on essential public services such as education and healthcare has increased sharply. More broadly, the Government has made an important start in the daunting task of reducing Tanzania’s pervasive poverty by building a freer, more vibrant, and productive economy. The IMF has played an important part in helping this transformation through its policy advice and technical guidance. These are based on its extensive experience and expertise; its substantial and highly concessional financial support, particularly in the early years of the transformation; its catalytic role and leadership of the broader international donor community; its leading role in initiating and implementing debt relief; and its extensive technical assistance and other support for capacity building.

Keywords: Foreign Direct Invest; Monetary Policy; Reform Program; Heavily Indebted Poor Country; Concessional Loan (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23949-4_5

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DOI: 10.1057/9780230239494_5

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