Tanzania Economic Update : Opening the Gates - How the Port of Dar es Salaam Can Transform Tanzania
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The wide media coverage of the series as
well as the interest in the blog show that the debate has
been gradually moving from ministerial corridors to the
public arena. This latest update foresees that the Tanzanian
economy will maintain its resilience by continuing to grow
at about 7 percent in the coming years. If some clouds are
looming on the external and fiscal horizons, the update
argues that the risks they pose should be manageable. The
majority of the country s top 100 mid-size enterprises
believe that 2013 will be better than 2012; and 2014 better
than 2013. Nevertheless, a growing consensus today is that
Tanzania needs to rely more than today on private
enterprises to achieve faster and more equitable growth, as
private enterprises are the ones that can provide jobs,
build infrastructure, and bring new technology to the local
economy. Many actions are needed on the policy front,
especially to improve the business environment. Tanzania has
gradually opened its economy since the early 2000s; it is
also true that business coming in and going out of the
country remains costly. To reduce trade costs, the priority
should be to transform the Port of Dar es Salaam. An
efficient port is critical because approximately 90 percent
of Tanzania s international trade goes through its gates.
This is a welcome development for local and regional
consumers and firms that heavily depend on the performance
of the port in their daily endeavors.
Palabras clave
ACCESS TO CAPITAL, ACCOUNTING, AGRICULTURAL COMMODITIES, AGRICULTURAL PRODUCTION, AGRICULTURE, ANNUAL GROWTH, ARREARS, ASYMMETRIC INFORMATION, BALANCE OF PAYMENTS, BANK POLICIES, BANKING SYSTEM, BILATERAL TRADE, BILLS, BROAD MONEY, BUFFER, CAPITAL ACCOUNT, CAPITAL FLOWS, CAPITAL GOODS, CAPITAL INFLOWS, CENTRAL BANK, CENTRAL BANK POLICIES, CLIMATIC CONDITIONS, COMMERCIAL BANKS, COMMERCIAL BORROWING, COMMODITY PRICES, COMPETITIVE EDGE, COMPETITIVENESS, CONSUMER GOODS, CONSUMER PRICE INDEX, CONSUMERS, CONSUMPTION BASKETS, CPI, CREDIT GROWTH, CREDIT GUARANTEES, CULTIVABLE LAND, CURRENCY REGULATIONS, CURRENT ACCOUNT, CURRENT ACCOUNT BALANCE, CURRENT ACCOUNT DEFICIT, CURRENT ACCOUNT IMBALANCE, DEBT, DEBT LEVEL, DEBT MANAGEMENT, DEBT POLICY, DEBT SERVICE, DEBT SUSTAINABILITY, DEBT-SERVICE, DEBTS, DEFICITS, DEPOSITS, DEVALUATION, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DISBURSEMENT, DISEQUILIBRIUM, DIVIDENDS, DOMESTIC BORROWING, DOMESTIC CONSUMPTION, DOMESTIC DEMAND, DOMESTIC ECONOMY, DOMESTIC FINANCIAL MARKETS, DOMESTIC MARKET, DOMESTIC SAVINGS, ECONOMIC ACTIVITY, ECONOMIC ANALYSIS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC OUTLOOK, ECONOMIC PERFORMANCE, ECONOMIC PROJECTIONS, ECONOMIC RISKS, ECONOMIC SECTORS, ECONOMIC STABILITY, ECONOMIC THEORY, ECONOMIES OF SCALE, EMERGING ECONOMIES, EQUIPMENT, EXCHANGE RATE, EXCHANGE RATES, EXCISE TAXES, EXIT STRATEGY, EXPENDITURE, EXPLOITATION, EXPORT GROWTH, EXPORTERS, EXPORTS, EXPOSURE, EXTERNAL BALANCE, EXTERNAL BALANCES, EXTERNAL BORROWING, EXTERNAL FACTORS, EXTERNAL FINANCING, EXTERNAL SHOCKS, EXTERNAL TRADE, FINANCIAL CRISIS, FINANCIAL DISTRESS, FINANCIAL SECTOR, FISCAL BURDEN, FISCAL CONSTRAINTS, FISCAL DEFICIT, FISCAL POLICY, FISH, FOOD PRICE, FOOD PRICES, FOREIGN CAPITAL, FOREIGN COMPETITION, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, GDP, GLOBAL ECONOMY, GLOBAL MARKET, GLOBAL MARKETS, GOLD, GOVERNMENT EXPENDITURES, GOVERNMENT SUBSIDIES, GROSS DOMESTIC PRODUCT, GROWTH RATE, GROWTH RATES, GUARANTEES FOR LOANS, HUMAN CAPITAL, HUMAN CAPITAL DEVELOPMENT, HUMAN DEVELOPMENT, IMPORT, IMPORT GROWTH, IMPORTS, INCOME TAX, INEFFICIENCY, INFLATION, INFLATION RATE, INFLATION RATES, INTEREST PAYMENTS, INTEREST RATES, INTERNAL FINANCE, INTERNATIONAL DEVELOPMENT, INTERNATIONAL MARKETS, INTERNATIONAL PRICES, INTERNATIONAL RESERVES, INTERNATIONAL STANDARDS, INTERNATIONAL TRADE, INTERNATIONAL TRANSACTION, INTERNATIONAL TRANSACTIONS, INVESTMENT CHOICES, INVESTMENT CLIMATE, INVESTMENT DECISIONS, INVESTMENT PROJECTS, LEVEL OF DEBT, LEVY, LOCAL BUSINESSES, LOCAL CURRENCY, LOCAL ECONOMY, LOCAL MARKET, M3, MACROECONOMIC INDICATORS, MARKET POWER, MARKET SHARE, MARKET SIZE, MOBILE PHONE, MOBILE PHONES, MONETARY FUND, MONETARY POLICIES, MONETARY POLICY, NATIONAL ECONOMY, NATURAL ENDOWMENTS, NATURAL RESOURCE, NATURAL RESOURCES, NET EXPORTS, OIL, OIL PRICES, OPEN COUNTRY, PENSION, PENSION FUND, PENSION FUNDS, PENSION SYSTEM, PENSIONS, PER CAPITA INCOME, PER CAPITA INCOMES, POLICY MAKERS, POLITICAL ECONOMY, POPULATION GROWTH, PORTFOLIO, PORTFOLIO FLOW, POVERTY REDUCTION, PRIVATE CREDIT, PRIVATE INVESTMENT, PRIVATE SECTOR CREDIT, PRODUCERS, PRODUCTION COSTS, PUBLIC DEBT, PUBLIC DEFICIT, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC FINANCES, PUBLIC FUNDS, PUBLIC INVESTMENT, RAPID GROWTH, RATE OF GROWTH, RATE OF INFLATION, REAL GDP, RECURRENT EXPENDITURES, REGULATORY AUTHORITY, REMITTANCES, REPAYMENT, RESERVES, RETAIL PRICES, RETURN, SHORTFALL, SHORTFALLS, SLOWDOWN, SUPPLY SIDE, SUSTAINABLE DEVELOPMENT, TARIFF BARRIER, TARIFF BARRIERS, TAX, TAX RATES, TAX REVENUES, TECHNOLOGY TRANSFERS, TERMS OF TRADE, TOTAL DEPOSITS, TRADE BALANCE, TRADE BARRIERS, TRADE OPENNESS, TRADE POLICIES, TRADE SECTORS, TRANSPORTATION COSTS, TREASURY, WAGES, WEALTH, WHOLESALE PRICES, WORLD MARKETS, WORLD PRICES