Tanzania’s Growth Process and Success in Reducing Poverty
February 1, 2005
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Summary
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.
Subject: Agricultural sector, Exports, Poverty, Poverty reduction, Total factor productivity
Keywords: economy, export, growth performance, Tanzania, WP
Pages:
25
Volume:
2005
DOI:
Issue:
035
Series:
Working Paper No. 2005/035
Stock No:
WPIEA2005035
ISBN:
9781451860542
ISSN:
1018-5941
