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Tanzania’s Growth Process and Success in Reducing Poverty
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ISBN: 1462342779 1452720916 1282049755 9786613798053 1451905904 Year: 2005 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

Since 1995, Tanzania has made major progress in economic reform and macroeconomic stabilization, resulting in strong growth and low inflation. This paper reviews Tanzania's growth performance and prospects and assesses the impact of growth on poverty. It finds that growth has been increasingly driven by higher factor productivity and that a continuation of recent policies should allow Tanzania to grow above 5 percent a year over the medium term. Furthermore, it finds that growth since 1995 has resulted in a significant decline of poverty and that prospects are favorable for Tanzania to attain its objectives for reducing income poverty by 2015.

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