Tanzania’s Economic Reform Program receives African Development Bank’s support

Tanzania’s ongoing macroeconomic reform program has received a boost from the African Development Bank through a US$40- million budget support loan to be provided by the African Development Fund, the concessional arm of the Bank Group.

The budget support facility is being managed under the Bank’s Good Governance and Private Sector Development Program (GGPSDP). The first phase of the GGPSDP reinforces Tanzania’s Blueprint for Regulatory Reforms to Improve the Business Environment and forms part of the US$80 million two-year programmatic budget support for the East African nation, covering the fiscal year 2017/18 and 2018/19.

Specifically, the program promotes the country’s transition towards  inclusive and resilient private sector-led economic growth agenda, backed by improved…

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