Publication:
Tanzania : Financial Sector Assessment

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-07-01T22:12:34Z
dc.date.available2013-07-01T22:12:34Z
dc.date.issued2003-08
dc.description.abstractThis Financial Sector Assessment summarizes the findings of the joint World Bank-International Monetary Fund (IMF) financial sector assessment program (FSAP). The overall assessment of development priorities, and financial stability suggest that even though the current depth, and efficiency of Tanzania's financial system fall well short of what is needed to help support economic growth, there are clear indications that the foundations of a sustainable advance are being laid. Extensive policy reforms have been put in place, notably the organizational, and financial restructuring of the two largest banks, the opening of entry to financial services providers, and the substantial liberalization of domestic financial intermediation. But these sweeping reforms did not at first yield improved access to financial services by economic agents. There has been however, an accelerated pick-up in credit in the last two years, with an intensified competition for creditworthy borrowers at all levels in the urban areas. Yet, large swathes of the economy are, however, working with little formal credit. This is true of much of agriculture, and the rural economy, thus new business models and lending technologies, need to be bought into play. A key task for government will be to help ensure the legal, and information infrastructures on which the banks, and other financial institutions can build. Two competing visions of Tanzania's future financial sector differ as to whether micro, and small-scale financial services will be provided more by formal sector banks reaching down, or by the development of community - or nongovernmental (NGO)-based micro-finance institutions (MFIs). Main elements for the development of the Tanzanian financial system, and its institutional, and financial strengthening requires a long-term, planned approach, that includes reform of government-owned financial institutions; legal and judicial reform; enhanced access to financial services; long-term investment, by liberalizing investment requirements for insurance companies; managing systemic liquidity, market intervention, and infrastructure, and, immediate reviewing of some regulations as mentioned, aimed at relaxing unduly constraining barriers; and, the development of a financial system crisis prevention and management plan, and tax reform.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/08/2511908/tanzania-financial-sector-assessment
dc.identifier.doi10.1596/14339
dc.identifier.urihttps://hdl.handle.net/10986/14339
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL ANALYSIS & POLICY COURSES
dc.subjectFINANCIAL SYSTEMS
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectPOLICY REFORMS
dc.subjectFINANCIAL SERVICES
dc.subjectBANKING SYSTEMS
dc.subjectCREDITWORTHINESS
dc.subjectRURAL ECONOMICS
dc.subjectMICROFINANCE
dc.subjectNONGOVERNMENTAL ORGANIZATIONS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectBUSINESS PROCESS MODELS
dc.subjectGOVERNMENT OWNED COMPANIES
dc.subjectLEGAL REFORMS
dc.subjectJUDICIAL REFORM
dc.subjectACCESSIBLE SERVICES
dc.subjectLONG TERM INVESTMENT
dc.subjectLIBERALIZATION
dc.subjectINSURANCE COMPANIES
dc.subjectLIQUIDITY POLICY
dc.subjectMARKET INCENTIVES
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectCRISIS MANAGEMENT
dc.subjectTAX REFORMS
dc.subjectACCOUNTING
dc.subjectAGRICULTURE
dc.subjectAUDITING
dc.subjectBANK BRANCHES
dc.subjectBANK DEPOSITS
dc.subjectBANK LENDING
dc.subjectBANK LOANS
dc.subjectBANK OF TANZANIA
dc.subjectBANK REGULATION
dc.subjectBANKING SERVICES
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBANQUE DE FRANCE
dc.subjectBONDS
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL GAINS
dc.subjectCHECKING
dc.subjectCONNECTED LENDING
dc.subjectCORPORATE GOVERNANCE
dc.subjectCREDIT RISK
dc.subjectDEBT
dc.subjectDEMAND FOR MONEY
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT BANKS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC STABILITY
dc.subjectECONOMIES OF SCALE
dc.subjectEFFECTIVE USE
dc.subjectELECTRONIC FUNDS
dc.subjectELECTRONIC FUNDS TRANSFER
dc.subjectEQUALIZATION
dc.subjectEXCESS LIQUIDITY
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL RESTRUCTURING
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKETS
dc.subjectGDP
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANKS
dc.subjectINVESTMENT BANKING
dc.subjectLEGISLATION
dc.subjectLENDING RATES
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMICROFINANCE
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY POLICY
dc.subjectMORTGAGES
dc.subjectOFFSITE MONITORING
dc.subjectOFFSITE SUPERVISION
dc.subjectPENSIONS
dc.subjectPOLICY ENVIRONMENT
dc.subjectPOLICY INSTRUMENTS
dc.subjectPRIVATIZATION
dc.subjectPROFITABILITY
dc.subjectRESERVE BANK OF NEW ZEALAND
dc.subjectRESERVE REQUIREMENTS
dc.subjectRISK MANAGEMENT
dc.subjectRISK PREMIUM
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSETTLEMENT SYSTEMS
dc.subjectSHAREHOLDERS
dc.subjectSHAREHOLDING
dc.subjectTAXATION
dc.subjectTERM FINANCE
dc.subjectTRADING
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.titleTanzania : Financial Sector Assessmenten
dspace.entity.typePublication
okr.date.doiregistration2025-05-07T09:53:00.738200Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2003/08/2511908/tanzania-financial-sector-assessment
okr.globalpracticeFinance and Markets
okr.guid453691468313193892
okr.identifier.externaldocumentum000012009_20030916105413
okr.identifier.internaldocumentum2511908
okr.identifier.report26770
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/09/16/000012009_20030916105413/Rendered/PDF/26770.pdfen
okr.region.administrativeAfrica
okr.region.countryTanzania
okr.sectorMicro- and SME finance,Banking,General finance sector
okr.sectorFinance
okr.themeStandards and financial reporting,Legal institutions for a market economy,International financial architecture,State enterprise/bank restructuring and privatization,Regulation and competition policy
okr.themeRule of law,Financial and private sector development,Trade and integration
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicBanks and Banking Reform
okr.topicFinancial Crisis Management and Restructuring
okr.topicEconomic Theory and Research
okr.topicEnvironmental Economics and Policies
okr.volume1 of 1
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