Share & more
A combination of sound macroeconomic policies, fresh funding from
multilateral organisations and donors, recent favourable weather and better than expected agricultural performance mean that Tanzania's real growth in Gross Domestic Product (GDP) should increase from 3.8 percent in 1998 to 4.4 percent for 1999 and 5.2 percent in the year 2000, the Economist Intelligence Unit (EIU) has predicted. There remained food security concerns in some parts of the country due to adverse weather conditions earlier this year, but food crop production should begin to
recover in the next few months, the report added. The EIU reported that the greatest challenge the government faces is to convince voters that World Bank- and IMF-inspired structural reforms, which have been heavily criticised for hitting poorer sections of the population, "will begin to deliver tangible improvements in living standards and increases in disposable income."
This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions
