Tanzania: Recent Economic Developments

April 21, 1999

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Tanzania: Recent Economic Developments, (USA: International Monetary Fund, 1999) accessed November 23, 2024

Summary

This paper reviews economic developments in Tanzania during 1996–98. Both traditional and nontraditional exports increased sharply in 1995/96 and 1996/97 as agricultural and manufacturing production responded to the reforms; however, exports fell again in 1997/98, owing initially to drought and subsequently the floods associated with the El Nino phenomenon. The external position strengthened during the last two years as the deficit on the current account of the balance of payments (excluding transfers) declined and international reserves rebounded to the equivalent of three months of imports of goods and nonfactor services.

Subject: Banking, Exports, Foreign exchange, Imports, International trade, Revenue administration, Tariffs, Taxes

Keywords: Africa, Civil service reform, CR, Customs duty, East Africa, Exports, Foreign exchange, Imports, Income tax, ISCR, Local government, Private sector, Sales tax, Southern Africa, Sub-Saharan Africa, Tariffs, Tax burden

Publication Details

Pages:

88
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/024
Stock No:

1TZAEA0011999
ISBN:

9781451838282
ISSN:

1934-7685

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