HIGHLIGHTS
The Bank’s latest Tanzania Economic Update recognizes the important achievement the country has made by becoming a lower middle-income country (LMIC) and lays out the priorities for what will it take to achieve the next level of its development vision.
To raise the bar and become a successful middle-income country, Tanzania needs to focus on sustaining its track record of economic growth, translating high growth into a more broadly shared set of opportunities and creating an economically secure middle class.
Based on the country’s recent history and the experience of successful LMICs worldwide, the report emphasizes five priority areas for policy action that have the potential to contribute to meeting Tanzania’s Vision 2025: accelerating productive investment, prioritizing human capital development, enabling agricultural transformation, leveraging digital technologies, and building public sector institutions and capabilities.
LINKS
Publication: https://www.worldbank.org/en/country/tanzania/publication/tanzania-economic-update-what-will-it-take-for-tanzania-to-become-a-successful-middle-income-country
Press Release: https://www.worldbank.org/en/news/press-release/2021/03/03/maintaining-tanzanias-lower-middle-income-status-post-covid-19-will-depend-on-strengthening-resilience
Virtual Launch Video: https://www.worldbank.org/en/news/video/2021/03/03/virtual-launch-of-the-15th-tanzania-economic-update-raising-the-bar
Tanzania HP: https://www.worldbank.org/en/country/tanzania
Africa HP (9am DC time): https://www.worldbank.org/en/region/afr
Tanzania Economic Update page: https://www.worldbank.org/en/country/tanzania/publication/tanzania-economic-update-teu
Report: https://documents.worldbank.org/en/publication/documents-reports/documentdetail/803171614697018449/tanzania-economic-update-raising-the-bar-achieving-tanzania-s-development-vision