Tanzania Economic Update, December 2013 : Raising the Game--Can Tanzania Eradicate Extreme Poverty?

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?

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013-12
Subjects:	ACCOMMODATING FISCAL POLICY, ACCOUNTING, ACCUMULATION OF ARREARS, AGGREGATE DEMAND, AGRICULTURE, ALLOCATING PUBLIC RESOURCES, ANNUAL RATE, ARREARS, BALANCE OF PAYMENTS, BANKING SECTORS, BASELINE SCENARIO, BASIC SERVICES, BASIC SOCIAL SERVICES, BENEFICIARIES, BENEFICIARY, BROAD MONEY, BUDGET REALLOCATIONS, CAPITAL ACCOUNT, CAPITAL FORMATION, CAPITAL INFLOWS, CAPITAL INVESTMENTS, CASH PAYMENTS, CASH TRANSFER, CASH TRANSFERS, CENTRAL BANK, CENTRAL GOVERNMENT, CHECKS, COMMERCIAL BORROWING, COMMERCIAL LOANS, COMMODITY PRICES, COMPREHENSIVE STRATEGY, CONSUMER GOODS, CONSUMER PRICE INDEX, CONSUMERS, CONSUMPTION GOODS, CONTINGENT LIABILITIES, CURRENT ACCOUNT DEFICIT, DEBT, DEBT ACCUMULATION, DEBT DYNAMICS, DEBT MANAGEMENT, DEBT RATIO, DEBT SERVICE, DEBT SERVICE PAYMENTS, DEBT SERVICING, DEBT SERVICING COSTS, DEBT STOCK, DEBT SUSTAINABILITY, DEBT-SERVICE, DEFICITS, DEVELOPMENT AGENCY, DOMESTIC BORROWING, DOMESTIC DEBT, DOMESTIC FINANCIAL MARKETS, DOMESTIC MARKETS, DURABLE, ECONOMIC DEVELOPMENT, ECONOMIC EXPANSION, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, ECONOMIC POLICIES, ECONOMIC PROJECTIONS, ECONOMIC SECTORS, ECONOMIC THEORY, EDUCATION SYSTEM, EDUCATIONAL ATTAINMENT, EQUIPMENT, EXCHANGE RATE, EXOGENOUS SHOCKS, EXPENDITURE, EXPENDITURE CUTS, EXPORTERS, EXPORTS, EXTERNAL BALANCE, EXTERNAL COMMERCIAL BORROWING, EXTERNAL DEBT, EXTERNAL SHOCKS, EXTREME POVERTY, FINANCES, FINANCIAL ACCOUNTABILITY, FINANCIAL BURDEN, FINANCIAL CAPITAL, FINANCIAL DISTRESS, FINANCIAL OVERSIGHT, FINANCIAL SERVICES, FINANCIAL VARIABLES, FISCAL ACCOUNTS, FISCAL ADJUSTMENT, FISCAL ADJUSTMENTS, FISCAL CONSOLIDATION, FISCAL COST, FISCAL DEFICIT, FISCAL DEFICITS, FISCAL DISCIPLINE, FISCAL FRAMEWORK, FISCAL POLICY, FISCAL RISK, FISCAL RISKS, FISCAL SIDE, FISCAL STABILITY, FISCAL STANCE, FISCAL SUSTAINABILITY, FIXED EXCHANGE RATES, FOREIGN DIRECT INVESTMENT, FOREIGN INFLOWS, FOREIGN MARKETS, GOVERNMENT EXPENDITURES, GROSS DOMESTIC PRODUCT, GROWTH RATE, HEALTH CLINICS, HEALTH SERVICES, HUMAN CAPITAL, INCOME, INCOME DISTRIBUTION, INCOME GROWTH, INEFFICIENCY, INFLATION, INFLATION RATE, INFLATION RATES, INFRASTRUCTURE DEVELOPMENT, INSTRUMENT, INSURANCE, INTEREST RATE, INTEREST RATE RISKS, INTEREST RATES, INTERNATIONAL TRADE, INVESTMENT PROJECTS, LABOR MARKET, LEADING INDICATORS, LENDING INTEREST RATES, LEVEL OF DEBT, LIVING STANDARDS, LOCAL ECONOMY, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, M3, MACROECONOMIC ADJUSTMENTS, MACROECONOMIC INDICATORS, MARKET PRICES, MINISTRY OF FINANCE, MOBILE PHONES, MONETARY FUND, MONETARY POLICIES, MONETARY POLICY, MULTIPLIER EFFECT, NATIONAL STRATEGY, NATURAL RESOURCES, NET SPENDING, OIL PRICES, OPERATIONAL DEFICIT, PENSION, PENSION FUND, PENSION LIABILITIES, PENSION SCHEME, PENSIONS, PER CAPITA INCOME, POSITIVE IMPACTS, POVERTY ALLEVIATION, POVERTY REDUCTION, PRIVATE INVESTMENT, PRIVATE INVESTMENTS, PRIVATE SECTOR, PROGRAMS, PUBLIC AGENCIES, PUBLIC BORROWING, PUBLIC CAPITAL, PUBLIC DEBT, PUBLIC DEFICIT, PUBLIC ELECTRICITY COMPANY, PUBLIC ENTERPRISES, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC INFRASTRUCTURE, PUBLIC INVESTMENT, PUBLIC PENSION, PUBLIC SECTOR, PUBLIC SECTOR BORROWING, PUBLIC SERVICE, PUBLIC WORKS, QUALITY OF LIFE, RATES OF INFLATION, RATES OF RETURN, RATES OF RETURNS, REAL EXCHANGE RATE, REAL GDP, REAL INTEREST, REAL INTEREST RATES, RESERVE, RESERVES, RETURN, RISK FACTORS, SAFETY NET, SAFETY NETS, SERVICE PROVIDERS, SIDE EFFECTS, SMALL BUSINESSES, SOCIAL ASSISTANCE, SOCIAL PROTECTION, SOCIAL RETURNS, SOCIAL SAFETY NETS, SOCIAL SECURITY, SUSTAINABILITY ANALYSIS, TAX, TAX EXEMPTIONS, TAX RATES, TAX REVENUES, TELECOMMUNICATIONS, TOTAL DEBT, TOTAL EXPENDITURE, TOTAL PUBLIC EXPENDITURE, TRADE BALANCE, TRADE SECTORS, TRADING, TRANSITION COUNTRIES, UNCERTAINTY, VALUE ADDED, VALUE OF EXPORTS, VALUE OF IMPORTS, WHOLESALE PRICES,
Online Access:	http://documents.worldbank.org/curated/en/2013/12/18620924/tanzania-economic-update-raising-game-can-tanzania-eradicate-extreme-poverty https://hdl.handle.net/10986/16989
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