|Approval Date||16 Dec 2011|
|Signature Date||19 Dec 2011|
|Planned Completion Date||31 Dec 2013|
|Last Disbursement Planned Date||31 Dec 2013|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||43010|
The Governance and Economic Competitiveness Support Program (GECSP) aims to support Tanzania in accelerating the implementation of its reform agenda in PFM, deepen structural reforms to accelerate private-sector led growth and provide financial resources. The program is needed now to support the GoT’s current reform program and consolidate the gains under the Bank’s predecessor GBS program (PRSL III). It will assist the GoT to address pressing fiscal challenges. A distinguishing feature of this fourth general budget support (GBS) operation is that it goes beyond the traditional focus on public financial management, by widening the scope of the Bank’s intervention to target certain hard and soft enablers for private sector development, in line with the country’s new National Development Strategy (NDS). The GECSP’s expected program outcomes are: (i) enhanced budget accountability and transparency; (ii) improved budget oversight; (iii) increased tax revenue generation; (iv) increased mineral resources management; and (v) improved business enabling environment and investment climate.
The overarching development goal of the GECSP is to contribute to maintaining an accelerated economic growth by strengthening economic and financial governance and improving the business enabling environment. In this context, the GECSP’s operational policy objectives are focused on: (a) strengthening the accountability, transparency and oversight of public resources, (b) improving domestic resource mobilization and (c) improving private sector development.
The beneficiaries of the program will be the citizens of Tanzania. They will gain from more accountable and transparent PFM systems, and better service delivery resulting from increased DRM. The comprehensive taxpayer communication strategy and awareness campaign will directly benefit civil society and the private sector, and provide greater clarity on tax liabilities. Tanzanian entrepreneurs of all sizes will be better able to contribute to the country’s inclusive growth and development trajectory, by operating within a more conducive business enabling environment, with more effective economic infrastructure and with less bureaucratic procedures, in particular pertaining to how they pay their taxes. Both foreign and local investors will also be incentivized to pursue investment opportunities in an environment where there is more transparency and less risk of corruption. As a result of a more robust PPP institutional set up and policy environment, the Tanzanian youth, targeted through the TVET project, will also gain from better quality in vocational education.
African Development Fund
Ministère des Finances
|Last Update||31 Oct 2019|
|Country||Tanzania, United Republic of|