Roger Nord, Yuri Sobolev, David G. Dunn, Alejandro Hajdenberg, Niko Hobdari, Samar Maziad, and Stéphane Roudet
INTERNATIONAL MONETARY FUND
This volume documents Tanzania's remarkable turnaround from severe economic distress in 1985, and reviews the economic policies that twenty years later contributed to a successful reversal. Tanzania still faces many policy and reform challenges, despite the many recent economic achievements the country has experienced.
The emergence of a strong Ministry of Finance (MoF), supported by technical assistance from the IMF and other development partners, was instrumental in accelerating fiscal reforms and fostering a turnaround in fiscal performance. This chapter reviews the evolution of public finances and the reforms implemented in the area of public financial management and revenue mobilization. It also touches upon the new challenges facing fiscal policy.
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