Tanzania Economic Update, December 2013 : Raising the Game--Can Tanzania Eradicate Extreme Poverty?
The special focus of this fourth economic update is as much a concern for policymakers as for ordinary citizens. This economic update discusses a bold new way of lessening extreme poverty by transferring cash directly to the most vulnerable people....
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Language: | English en_US |
Published: |
Washington, DC
2014
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Online Access: | http://documents.worldbank.org/curated/en/2013/12/18620924/tanzania-economic-update-raising-game-can-tanzania-eradicate-extreme-poverty http://hdl.handle.net/10986/16989 |
Summary: | The special focus of this fourth
economic update is as much a concern for policymakers as for
ordinary citizens. This economic update discusses a bold new
way of lessening extreme poverty by transferring cash
directly to the most vulnerable people. In Tanzania, the
success of a similar program piloted by the Tanzania Social
Action Fund (TASAF), which includes conditional cash
transfers as well as public works for productive
infrastructure, is also very encouraging as shown by an
independent evaluation. Although cash transfers are
promising, as this update discusses, there are risks
associated with implementation on a large scale. It will be
essential to ensure effective targeting and sound
monitoring. And the decision to scale up needs to be
embedded in strategic thinking about medium-term fiscal
sustainability. The economic update also discusses the state
of the economy more broadly. Strong and stable economic
growth and gradually declining inflation have been the
hallmarks of Tanzania's recent economic performance.
Tanzania needs to strike the right balance between making
large capital investments and maintaining fiscal discipline.
Tanzania needs to maintain fiscal discipline and continue to
keep the country's debt and debt-service at acceptable
levels to consolidate the gains achieved over the past
decade. In this context, the report is organized in two
parts: part one is the state of the economy; and part two is
money to people: can conditional cash transfers make a difference? |
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