Publication:
Tanzania Economic Update, Issue 21 -Harnessing the Opportunity for a Climate-Smart and Competitive Livestock Sector in Tanzania

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-08-21T20:09:22Z
dc.date.available2024-08-21T20:09:22Z
dc.date.issued2024-08-21
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/099081524060016951/P17961019db2eb013193781c2280fd79237
dc.identifier.doi10.1596/42069
dc.identifier.urihttps://hdl.handle.net/10986/42069
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.subjectECONOMIC GROWTH ANALYSIS
dc.subjectECONOMIC SHOCKS AND TRADE
dc.subjectREVENUE ADMINISTRATION
dc.subjectPUBLIC SECTOR MANAGEMENT
dc.subjectTRADE POLICY AND INTEGRATION
dc.subjectTRADE
dc.subjectTAX AND REVENUE POLICY AND ADMINISTRATION
dc.subjectPUBLIC FINANCE
dc.subjectIMPACT OF TRADE
dc.subjectMACROECONOMIC VULNERABILITY AND DEBT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC SHOCKS AND VULNERABILITY
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.titleTanzania Economic Update, Issue 21 -Harnessing the Opportunity for a Climate-Smart and Competitive Livestock Sector in Tanzaniaen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleTanzania Economic Update, Issue 21 -Harnessing the Opportunity for a Climate-Smart and Competitive Livestock Sector in Tanzania
okr.date.disclosure2024-08-21
okr.date.lastmodified2024-08-15T00:00:00Zen
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099081524060016951/P17961019db2eb013193781c2280fd79237
okr.guid099081524060016951
okr.identifier.docmidP179610-9db2eb5e-4b74-4e13-9378-c2280fd79237
okr.identifier.doihttps://doi.org/10.1596/42069
okr.identifier.externaldocumentum34377726
okr.identifier.internaldocumentum34377726
okr.identifier.report191120
okr.import.id5126
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099081524060016951/pdf/P17961019db2eb013193781c2280fd79237.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.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Development
okr.topicInternational Economics and Trade::Trade Policy
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.topicFinance and Financial Sector Development::Strategic Debt Management
okr.unitEFI-AFR1-MTI-MacroFiscal-1 (EAEM1)
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