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Annual profile: Tanzania

Africa Economic Research

January 2003

Contact Betty Kaseke - E-mail: bkaseke@sbic.co.za

Copyright: Standard Bank Group (www.ed.standardbank.co.za)


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Background

Shortly after independence in 1964, Tanganyika and Zanzibar merged to form the nation of Tanzania. One-party rule came to an end in 1995 with the first democratic elections held in the country since the 1970s. Tanzania continues to carry out structural and institutional reforms that are required for sustained economic growth. The country's need for budgetary and balance of payments support, as well as debt relief under the heavily indebted poor countries initiative ensures that it remains in international donors' good books.




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