Tanzania - Governance and Economic Competitiveness Support Program (GECSP)

The Governance and Economic Competitiveness Support Program (GECSP) aims to support Tanzania in accelerating the implementation of its reform agenda in PFM, deepen structural reforms to accelerate private-sector led growth and provide financial resources. The program is needed now to support the GoT’s current reform program and consolidate the gains under the Bank’s predecessor GBS program (PRSL III). It will assist the GoT to address pressing fiscal challenges. A distinguishing feature of this fourth general budget support (GBS) operation is that it goes beyond the traditional focus on public financial management, by widening the scope of the Bank’s intervention to target certain hard and soft enablers for private sector development, in line with the country’s new National Development Strategy (NDS). The GECSP’s expected program outcomes are: (i) enhanced budget accountability and transparency; (ii) improved budget oversight; (iii) increased tax revenue generation; (iv) increased mineral resources management; and (v) improved business enabling environment and investment climate.