Reforms to Improve Performance of Public Institutions in Tanzania

TLDR

• The discussions focused on opportunities to deepen cooperation in investment financing, trade and development, with Tanzania holding an 8.3 per cent stake in TDB through the government.
• The government’s 8.3 per cent holding in TDB also gives Tanzania a direct interest in the bank’s capacity to mobilise development finance across the region.
• He said the government was also pursuing reforms to improve the performance of public institutions, focusing on accountability, efficiency, capable leadership and responsible management of public resources.
• The engagement comes as Tanzania seeks to strengthen the performance of public assets and attract more financing for projects that can support economic growth, trade and investment.
• The reforms, he said, were aimed at ensuring Government-owned institutions and companies operate more effectively, fulfil their mandates and make stronger contributions to the economy.