- The economy grew by 7% in 2014 and estimates suggest the same growth rate in 2015, mainly driven by the services, industry, construction, and information and communication sectors. The fiscal position was healthy with an overall deficit of 3.4% of GDP in 2013/14. Similar prospects are expected over the medium term.
- Successful and peaceful general elections in October 2015 transferred power to a new president who has committed to prudent resource management, fighting corruption and pursuing inclusive growth.
- There is a growing rate of urbanisation with associated unemployment, pressure on infrastructure and overstretched government capacity to manage urban development.
Tanzania field office
African Development Bank Group
Garden Avenue, 5th Floor, International House
P.O. Box 6024
Dar Es Salaam, Tanzania
Phone: (255) 22 2125281/2
Fax: (225) 22 2125283
Ms. Tonia Kandiero, Resident Representative