WB REPORT; TZ ECONOMY UPDATE

• Tanzania’s economy has resisted regional and global turbulence, as GDP is expected to expand around 6 percent in 2011/12.
• Short-term policy options have been exhausted –except for adherence to fiscal prudence and discipline.
• Economic growth will have to come from additional drivers after three years of rapid fiscal expansion.
• Tanzania has selected education as a priority area for its development, spending close to 20 percent of its budget.
• While attendance has boomed, pass rates remain low both in primary and secondary schools.
• Urgent actions are required to address the triple challenge of limited resources, quality upgrade, and fast-growing school populations.
• The Tanzanian economy is on the move thanks to technology and education improvements.
• Emerging signs of transformation in the private and financial sectors.
• Smart supportive policies are needed based on innovation, training, and diversification