24 February 2011 Al-amani Mutarubukwa
Dar es Salaam: The World Bank has pledged to support Tanzania’s National Strategy for Growth and Reduction of Poverty (Mkukuta II), saying the programme was vital in accelerating sustained growth and reducig income poverty especially in rural areas.
The decision was reached following the discussion by the World Bank’s Board of Executive Directors and a Joint IMF-World Bank Staff Advisory Note (JSAN).
“The World Bank stands ready to support the government in strengthening the Mkukuta II strategy during its implementation to ensure an effective policy framework for poverty reduction," said John Murray McIntire, World Bank Country Director for Tanzania, Uganda, and Burundi in a statement emailed to The Citizen yesterday in Dar es Salaam.
“The forthcoming World Bank Country Assistance Strategy for Tanzania will outline our strong support in selected areas to help implement the Mkukuta II,” he added.
Mkukuta II, which covers the period 2010/11-2014/15, focuses on three clusters: accelerating economic growth to reduce poverty; improving the quality of life and standard of living; and improving governance and accountability.
It calls for a shift towards a greater role of the private sector in economic growth.
Mkukuta II was developed through a broad-based consultation process led by the government of Tanzania and involving many stakeholders.
The JSAN provides analysis and advice to strengthen Mkukuta II. One of its key recommendations is to urgently address infrastructure bottlenecks and improve the investment climate.
It particularly highlights the importance of reducing market distortions in the agriculture sector, given its importance for poverty alleviation.
“Mkukuta II is an ambitious strategy to reduce poverty,” noted Yue Li, the World Bank’s Task Team Leader for the JSAN.
http://thecitizen.co.tz/business/-/8526-wb-pledges-to-back-tanzanias-anti-poverty-drive
Dar es Salaam: The World Bank has pledged to support Tanzania’s National Strategy for Growth and Reduction of Poverty (Mkukuta II), saying the programme was vital in accelerating sustained growth and reducig income poverty especially in rural areas.
The decision was reached following the discussion by the World Bank’s Board of Executive Directors and a Joint IMF-World Bank Staff Advisory Note (JSAN).
“The World Bank stands ready to support the government in strengthening the Mkukuta II strategy during its implementation to ensure an effective policy framework for poverty reduction," said John Murray McIntire, World Bank Country Director for Tanzania, Uganda, and Burundi in a statement emailed to The Citizen yesterday in Dar es Salaam.
“The forthcoming World Bank Country Assistance Strategy for Tanzania will outline our strong support in selected areas to help implement the Mkukuta II,” he added.
Mkukuta II, which covers the period 2010/11-2014/15, focuses on three clusters: accelerating economic growth to reduce poverty; improving the quality of life and standard of living; and improving governance and accountability.
It calls for a shift towards a greater role of the private sector in economic growth.
Mkukuta II was developed through a broad-based consultation process led by the government of Tanzania and involving many stakeholders.
The JSAN provides analysis and advice to strengthen Mkukuta II. One of its key recommendations is to urgently address infrastructure bottlenecks and improve the investment climate.
It particularly highlights the importance of reducing market distortions in the agriculture sector, given its importance for poverty alleviation.
“Mkukuta II is an ambitious strategy to reduce poverty,” noted Yue Li, the World Bank’s Task Team Leader for the JSAN.
http://thecitizen.co.tz/business/-/8526-wb-pledges-to-back-tanzanias-anti-poverty-drive
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