The World Bank
About The World Bank
Tanzania has made significant progress over the past two decades to achieve and maintain macro economic stability, becoming one of the best performers in Sub Saharan Africa. The World Bank is supporting the growth agenda through policy analysis and advice and also through grants and credits for projects and programs in agriculture, private sector development and infrastructure.
Economic performance in Tanzania has been solid in recent years, with high levels of growth, steadily increasing levels of exports, and significant financial deepening. Annual GDP growth has averaged between 5 and 7 percent making Tanzania one of the fastest-growing economies in Sub-Saharan Africa. Inflation pressures have also eased, but increasing commodity prices will pose a challenge to reach government?s target of 5 percent.
The global financial crisis affected Tanzania modestly, mainly through the export channel tourism, cash crops, and regional manufacturing exports as well as
Member Since: 01-01-2012