Publication:
Tanzania Economic Update - Harnessing the Opportunity for a Climate Smart and Competitiveness Livestock Sector in Tanzania

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-07-09T15:42:06Z
dc.date.available2024-07-09T15:42:06Z
dc.date.issued2024-07-09
dc.description.abstractTanzania has managed a steadily robust growth path amid multiple external shocks, with low and stable inflation by regional standards. While poverty reduction has progressed slowly, the government increased public spending on goods, services, and transfers during the first eight months (8M) of FY2023/24 to enhance the provision of priority social services. Domestic revenue observed double-digit growth, indicating the government’s commitment to revenue mobilization and fiscal consolidation. The current-account deficit narrowed, driven by increased imports and a surge in foreign exchange earnings from the tourism sector. However, foreign exchange challenges persist, which has motivated the Bank of Tanzania (BoT) to raise the policy rate and implement other prudent monetary policies. Over the medium term, the economy is set to grow at around 6 percent, supported by escalated private investments resulting from a strengthened business environment. A positive macroeconomic outlook and an enhanced agricultural productivity have contributed to the estimated decline in poverty. Major risks to the outlook include incomplete implementation of reforms, climate change, and a deterioration of the global economy.en
dc.identifierhttp://documents.worldbank.org/curated/en/099061224074521849/P1796101d6aa520c1b91b176e38367ab07
dc.identifier.doi10.1596/41839
dc.identifier.urihttps://hdl.handle.net/10986/41839
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectPOVERTY
dc.subjectMACROECONOMIC MONITORING
dc.subjectMACROECONOMIC AND STRUCTURAL POLICIES
dc.subjectMACROECONOMIC ANALYSIS OF ECONOMIC DEVELOPMENT
dc.subjectPOVERTY AND JOBS DIAGNOSTICS
dc.subjectNO POVERTY
dc.subjectSDG 1
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.titleTanzania Economic Update - Harnessing the Opportunity for a Climate Smart and Competitiveness Livestock Sector in Tanzaniaen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleTanzania Economic Update - Harnessing the Opportunity for a Climate Smart and Competitiveness Livestock Sector in Tanzania
okr.date.disclosure2024-07-09
okr.date.lastmodified2024-06-12T00:00:00Zen
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099061224074521849/P1796101d6aa520c1b91b176e38367ab07
okr.guid099061224074521849
okr.identifier.docmidP179610-d6aa5253-46a8-48fc-b91b-76e38367ab07
okr.identifier.doihttps://doi.org/10.1596/41839
okr.identifier.externaldocumentum34339661
okr.identifier.internaldocumentum34339661
okr.identifier.report191120
okr.import.id4728
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099061224074521849/pdf/P1796101d6aa520c1b91b176e38367ab07.pdfen
okr.region.administrativeAfrica Eastern and Southern (AFE)
okr.region.countryTanzania
okr.sectorCentral Government (Central Agencies)
okr.themeInclusive Growth,Rural Water and Sanitation,Gender,Human Development and Gender,Data Development and Capacity Building,Economic Policy,Rural Development,Public Finance Management,Economic Growth and Planning,Fiscal Policy,Domestic Revenue Administration,Public Sector Management,Urban and Rural Development,Data production, accessibility and use,Public Expenditure Policy,Macroeconomic & Structural Policy Modelling,Structural Transformation and Economic Diversification
okr.topicPoverty Reduction::Access of Poor to Social Services
okr.topicPoverty Reduction::Moving Out Of Poverty
okr.topicPoverty Reduction::Poverty Reduction Strategies
okr.topicSocial Protections and Labor::Social Protections & Assistance
okr.unitEFI-AFR1-MTI-MacroFiscal-1 (EAEM1)
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