Tanzania Economic Update : Opening the Gates - How the Port of Dar es Salaam Can Transform Tanzania

World Bank

Tanzania Economic Update : Opening the Gates - How the Port of Dar es Salaam Can Transform Tanzania

2013

World Bank

The wide media coverage of the series as well as the interest in the blog show that the debate has been gradually moving from ministerial corridors to the public arena. This latest update foresees that the Tanzanian economy will maintain its resilience by continuing to grow at about 7 percent in the coming years. If some clouds are looming on the external and fiscal horizons, the update argues that the risks they pose should be manageable. The majority of the country s top 100 mid-size enterprises believe that 2013 will be better than 2012; and 2014 better than 2013. Nevertheless, a growing consensus today is that Tanzania needs to rely more than today on private enterprises to achieve faster and more equitable growth, as private enterprises are the ones that can provide jobs, build infrastructure, and bring new technology to the local economy. Many actions are needed on the policy front, especially to improve the business environment. Tanzania has gradually opened its economy since the early 2000s; it is also true that business coming in and going out of the country remains costly. To reduce trade costs, the priority should be to transform the Port of Dar es Salaam. An efficient port is critical because approximately 90 percent of Tanzania s international trade goes through its gates. This is a welcome development for local and regional consumers and firms that heavily depend on the performance of the port in their daily endeavors.

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AGROVOC Keywords

accounting agricultural commodities agricultural production agriculture balance of payments buffer commercial banks consumers debt devaluation developed countries developing countries domestic consumption economic analysis economic development economic growth economic sectors equipment exchange rate expenditure exports fish food prices gold gross domestic product growth rate human capital import imports income tax inflation interest rates international trade levy monetary policies natural resources pension pensions population growth poverty reduction private investment production costs public debt public expenditure public investment remittances repayment retail prices sustainable development terms of trade trade barriers trade policies wages wholesale prices world markets

Bibliographic information

Publisher

Washington, DC

Other Subjects

International prices; National economy; Economic outlook; Domestic savings; Asymmetric information; Economic risks; Domestic financial markets; Gdp; Trade balance; Human capital development; Current account; Foreign competition; Debt-service; Inflation rate; Deficits; Macroeconomic indicators; Inflation rates; Economic theory; Economic projections; Market size; Monetary fund; Internal finance; Debt management; Fiscal constraints; Debt service; Debts; Slowdown; Public expenditures; Import growth; Guarantees for loans; Debt policy; Central bank; Deposits; Climatic conditions; Consumer goods; Wealth; Domestic market; Shortfall; Level of debt; Private credit; Credit growth; Oil prices; Producers; Shortfalls; Tariff barriers; Fiscal deficit; Commodity prices; Return; Per capita income; Policy makers; Public funds; Inefficiency; Export growth; Trade sectors; Rapid growth; Natural endowments; World prices; Global markets; Regulatory authority; Financial distress; International transaction; Cpi; Per capita incomes; Foreign direct investment; Disequilibrium; Currency regulations; Consumer price index; Rate of inflation; Credit guarantees; External balance; Competitive edge; Debt level; Current account imbalance; Capital goods; Rate of growth; International development; Political economy; Pension system; Local businesses; Exchange rates; Mobile phones; Pension funds; Bilateral trade; External balances; Private sector credit; Capital inflows; Dividends; Recurrent expenditures; Real gdp; Bills; Competitiveness; Treasury; Government expenditures; Investment decisions; Capital flows; Tax revenues; Domestic demand; Financial crisis; External shocks; Supply side; Human development; Market share; Cultivable land; Portfolio flow; Market power; Pension fund; External factors; Disbursement; Economic stability; Economic performance; Fiscal burden; Government subsidies; Mobile phone; Access to capital; Public finances; Emerging economies; Excise taxes; Monetary policy; Financial sector; Reserves; Economic activity; Foreign capital; Oil; Current account balance; Tariff barrier; Exposure; Investment choices; International markets; Interest payments; Growth rates; Tax; Local currency; Arrears; Broad money; Global market; Current account deficit; International standards; Public deficit; Trade openness; Transportation costs; Development bank; Tax rates; Portfolio; External borrowing; Food price; Exploitation; Commercial borrowing; Banking system; Total deposits; International reserves; Economies of scale; Domestic economy; Net exports; Bank policies; Foreign currency; Exit strategy; Exporters; Technology transfers; Capital account; Investment projects; Investment climate; Local economy; Global economy; Fiscal policy; Central bank policies; Natural resource; Annual growth; External trade; Open country; Debt sustainability; Local market; External financing; Consumption baskets; Domestic borrowing; International transactions

License

Tanzania economic update; Issue no. 3http://creativecommons.org/licenses/by/3.0/igoWorld BankCC BY 3.0 IGO

Source

Tanzania economic update; Issue no. 3

In AGRIS since: 2014-09-15

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Links

http://hdl.handle.net/10986/16549

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