Tanzania Poverty Reduction Support Credit 9

closed

Closed

The development objectives of the Ninth Poverty Reduction Support Credit (PRSC-9) Program for Tanzania are to improve the investment climate in select strategic areas for competitiveness and shared growth in the country by leveraging its geographical advantage and facilitating agglomeration effects; and ensure macroeconomic stability and safeguard shared growth through sound management of public finance. The PRSC-9 to the United Republic of Tanzania will be the first in a series of three annual programmatic development policy operations in support of Tanzania's implementation of its poverty reduction strategy series has a cross-cutting emphasis on improved transparency and access to information as an accountability tool in the country. Such focus is addressed through enhanced budget transparency, including timely publication of budgets, as well as wider public disclosure of data and statistics generated by the Government. This PRSC series will contribute to implementation of the Africa Regional Strategy of the World Bank. The focus on investment climate is well linked to the competitiveness and employment pillar of the regional strategy. Tanzania has experienced high growth rates over the past decade, driven to a large extent by growth in mining, telecommunication, tourism, and construction. The size of the formal private sector investment remains small, while the informal sector provides a significant source of income in urban areas. The expansion of banking services, stimulated by the privatization of public banks in the 1990s, contributed to the growth of credit to the private sector, which has increased from 11 percent of Gross Domestic Product (GDP) in 2006 to 19 percent in 2011.

FY17 - Industry, Trade and Services,FY17 - Public Administration

World Bank Group

Project

Hotel, Government, Telecommunications