The United Republic of Tanzania


Tanzania is a rapidly growing emerging market, ranking among the 20th fastest growing economies in the world. The country has exhibited a GDP growth rate of around 7% for the past 5 years and it is predicted by the IMF and the World Bank to continue this rapid economic growth for at least the next decade. Over the last two decades the country has transformed itself from the centrally planned economy to a market oriented system through successful implementation of free market oriented reforms. These reforms have resulted in to positive growth trend and impressive macroeconomic indicators with inflation rates falling from 24.7% in 1995 to 5% in 2015. Recent discovery of massive natural gas reserves and increasing investment in manufacturing and agriculture is a positive sign of rapid advancement of the economy. Establishment of the PPP framework in the country ensures private sector participation in provision of public goods and services, in particular public infrastructure.

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