Private Sector/MSME Competitiveness

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The Tanzania Private Sector Competitiveness Project for Tanzania creates sustainable conditions for enterprise creation and growth. The project's progress in achieving this objective will be measured by the increase in the number of formal enterprises, the increase in the value o f titled land relative to untitled, and growth in sales and assets of firms participating in the project. The project has three components. Component 1, Business Environment Strengthening, supports the Business Environment Strengthening for Tanzania (BEST) Program that aims to lower the costs of investing in, establishing, and operating a business in Tanzania by eliminating policy, legal, regulatory, and institutional constraints that inhibit a growing and competitive private sector. Component 2, Enhancing Enterprise Competitiveness, improves the capacity o f the private sector to respond to viable opportunities in regional and international markets. The project will also help strengthen the Tanzania Private Sector Foundation. Component 3, Improving Access to Financial Services, increases access to financial services by contributing to the Financial Sector Deepening Trust. The project will also provide technical assistance and financing for studies associated with the program.