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1996-2004 - Tanzania - Country Assistance Evaluation
Tanzania is making major strides with its economic reforms. The rate of GDP growth has averaged 5.3% over the past five years reaching 6.7 percent in 2004 as the Government pushes on with reforms including a program to privatize large state enterprises. Despite this progress, poverty remains widespread, deep and persistent. Moreover, there are wide disparities in the status of poverty between regions, underscoring the need for a more targeted and diversified approach to poverty reduction efforts. There is a growing understanding between Government and Development Partners that there is an urgent need to improve the efficiency and effectiveness of external resources in order for Tanzania to achieve its poverty reduction goals. In response, the government has articulated ambitious targets and comprehensive strategies for poverty reduction in the new PRSP or Mkukuta. International financial institutions, bilateral donors and a growing number of foreign private investors today view Tanzania as one of the most promising African economies.