|Approval Date||11 Jul 2018|
|Signature Date||07 Sep 2018|
|Planned Completion Date||31 Dec 2019|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
This operation is the first phase of the Tanzania Good Governance and Private Sector Development Program (GGPSDP) for the fiscal year 2017/18. The GGPSDP is designed as a programmatic series of two consecutive general budget support operations (GBS) covering the two-year period 2017/18 and 2018/19, for a total indicative financing package of UA 80 million. The program responds to the need for Tanzania to improve the investment climate and overall business environment in order to build a strong foundation for the economy’s capacity to generate inclusive growth. More specifically, the key areas of reform supported by the program are as follows: (a) Improving the business environment for private sector development; (b) improving public financial management, with focus on enhancement of budget credibility in order to sustain macroeconomic stability; and (c) improving oversight functions, with particular emphasis on strengthening procurement systems and audit services.
The overarching development objective is to promote Tanzania’s transition towards inclusive and resilient private sector-led economic growth, supported by improved economic and financial governance. The program will, in this connection, support implementation of Tanzania’s Blueprint for Regulatory Reforms to Improve the Business Environment, as well as targeted PFM reforms that are critical for creating a stable macroeconomic environment for private sector led growth.
The direct beneficiaries of the operation will include the Ministry of Industry, Trade and Investment, the Ministries of Finance and Planning (Mainland and Zanzibar) (Fiscal Unit, Budget Unit, and Public-Private Partnership Division), Tanzania Revenue Authority and the Public Procurement Regulatory Authority. Indirect beneficiaries are the citizens of Tanzania, who will benefit from the implementation of reforms to enhance competitiveness and private sector participation in the economy.
African Development Fund
Ministry of Finance and Planning, in collaboration with Ministry of Trade, Industry and Investment
Ministère des Finances et du Plan, en collaboration avec le ministère du Commerce, de l’Industrie et de l’Investissement
|Last Update||07 Aug 2020|
|Country||Tanzania, United Republic of|