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Tanzania economic update : raising the game - can Tanzania eradicate extreme poverty (English)

The special focus of this fourth economic update is as much a concern for policymakers as for ordinary citizens. This economic update discusses a bold new way of lessening extreme poverty by transferring cash directly to the most vulnerable people. In Tanzania, the success of a similar program piloted by the Tanzania Social Action Fund (TASAF), which includes conditional cash transfers as well as public works for productive infrastructure, is also very encouraging as shown by an independent evaluation. Although cash transfers are promising, as this update discusses, there are risks associated with implementation on a large scale. It will be essential to ensure effective targeting and sound monitoring. And the decision to scale up needs to be embedded in strategic thinking about medium-term fiscal sustainability. The economic update also discusses the state of the economy more broadly. Strong and stable economic growth and gradually declining inflation have been the hallmarks of Tanzania's recent economic performance. Tanzania needs to strike the right balance between making large capital investments and maintaining fiscal discipline. Tanzania needs to maintain fiscal discipline and continue to keep the country's debt and debt-service at acceptable levels to consolidate the gains achieved over the past decade. In this context, the report is organized in two parts: part one is the state of the economy; and part two is money to people: can conditional cash transfers make a difference?

Details

  • Author

    Morisset,Jacques

  • Document Date

    2013/12/01

  • Document Type

    Working Paper (Numbered Series)

  • Report Number

    83172

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Tanzania,

  • Region

    Africa,

  • Disclosure Date

    2013/12/09

  • Disclosure Status

    Disclosed

  • Doc Name

    Tanzania economic update : raising the game - can Tanzania eradicate extreme poverty?

  • Keywords

    conditional cash transfer pilot program;Poverty Reduction & Economic Management;cash transfer program;conditional cash transfer program;millennium development goal;per capita income growth;rate of population growth;Fiscal and Debt Sustainability;rate of inflation;monetary policy;inflation rate;reduction in poverty;current account balance;stable economic growth;rates of return;public expenditure;real exchange rate;debt service payment;central government operation;cost of finance;real interest rate;tight monetary policy;retail trade sector;cost of credit;accommodating fiscal policy;bureau of statistic;capital goods import;long-term economic growth;terms of performance;fiscal policy instrument;public debt service;nominal interest rate;return on investment;domestic labor market;Check and Balances;children attending schools;prudent fiscal policy;public electricity company;current account deficit;stable exchange rate;allocating public resources;level of consumption;gdp growth rate;years of schooling;balance of payment;import of goods;export of goods;interest rate structure;social security program;social protection program;cost of debt;reduction of poverty;consumer price index;basic social service;safety net program;natural gas reserves;value added tax;public sector borrowing;price of commodities;human capital;Fiscal policies;extreme poverty;policy reversal;credit costs;fiscal account;fiscal deficit;supply side;world price;fiscal space;dollar term;external shock;paradigm shift;aid inflow;agricultural sector;cashew nut;rapid urbanization;financial situation;fiscal stance;total credit;rising debt;external balance;energy price;physical infrastructure;financial return;merchandise export;commodity price;private investment;Fiscal Sustainability;household enterprise;domestic financing;global commodity;fiscal stability;inflation differential;monetary aggregate;trade partner;poverty eradication;business environment;respondents felt;poverty trap;small holder;results framework;resource mobilization;policy shift;agreed value;public borrowing;merchandise import;financial variable;economic expansion;government expenditure;Travel Receipts;public deficit;political pressure;positive correlation;food crop;Exchange Rates;wholesale price;survival rate;financial rate;labor service;wage worker;financial service;International Trade;social return;poverty alleviation;long-term effect;multiplier effect;aggregate demand;oil import;transport equipment;consumer good;consumer goods;lending rate;capital account;international reserve;export basket;primary commodity;lessons learnt;fiscal liability;fiscal discipline;foreign inflow;Wage Bill;fiscal side;broad money;reserve money;monetary expansion;domestic revenue;positive impact;fiscal cost;exogenous factor;import good;travel goods;consumption good;import increase;Travel Services;cash payment;commodity priority;long-term commitment;oil price;Business Climate;agglomeration effect;gas exploitation;education requirement;national strategy;export sector;fiscal framework;nominal lending;ordinary citizens;transfer cash;foreign market;vulnerable people;commercial loan;monitoring mechanism;survey methodology;increased revenue;transparent manner;interrelated factors;economic sector;aid agency;domestic price;development partner;rural area;complementary measure;foreign assistance;external trade;trade balance;cash program;optimal outcomes;real gdp;oil revenue;stable growth;macroeconomic indicator;informal activity;poor household;public pension;equally benefit;household consumption;Young Workers;high trade;productive infrastructure;market price;strategic thinking;food price;

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Citation

Morisset,Jacques

Tanzania economic update : raising the game - can Tanzania eradicate extreme poverty (English). Tanzania economic update ; issue no. 4 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/184561468172136503/Tanzania-economic-update-raising-the-game-can-Tanzania-eradicate-extreme-poverty