Cicero
JF-Expert Member
- Jan 20, 2016
- 2,924
- 3,073
DAR ES SALAAM, May 20, 2016 – While Tanzania continues to record strong economic performance, approximately 12 million of its citizens still live in dire poverty, according to the World Bank’s latest economic update for the country.
According to the eighth Tanzania Economic Update (TEU): The Road Less Traveled: Unleashing Public Private Partnerships in Tanzania, growth was around 7% in 2015, and inflation was contained within single-digit levels, However, the country has the fourth largest population living under poverty in Africa, according to the report. In addition, the report notes that a significant portion of the non-poor population lives just slightly above the poverty line, and risks falling back into poverty with the slightest level of disruption unless proper measures are in place.
The report also identifies more and better infrastructure and human capital investment as key to unlocking Tanzania's economic potential, create more productive jobs, accelerate economic growth and reduce poverty.
A simulation analysis using a macro-econometric model for Tanzania indicates that an increase in public investments in infrastructure to a value of approximately 1.2% of gross domestic product (GDP) in one year could result in an increase of 1.7% to GDP in the following year, according to the report.
According to the eighth Tanzania Economic Update (TEU): The Road Less Traveled: Unleashing Public Private Partnerships in Tanzania, growth was around 7% in 2015, and inflation was contained within single-digit levels, However, the country has the fourth largest population living under poverty in Africa, according to the report. In addition, the report notes that a significant portion of the non-poor population lives just slightly above the poverty line, and risks falling back into poverty with the slightest level of disruption unless proper measures are in place.
The report also identifies more and better infrastructure and human capital investment as key to unlocking Tanzania's economic potential, create more productive jobs, accelerate economic growth and reduce poverty.
A simulation analysis using a macro-econometric model for Tanzania indicates that an increase in public investments in infrastructure to a value of approximately 1.2% of gross domestic product (GDP) in one year could result in an increase of 1.7% to GDP in the following year, according to the report.
