The government of Tanzania (GOT) has committed to facilitating private sector growth to catalyze economic growth and address challenges in employment, poverty reduction, productivity, and climate change.
International Economics supported the GoT in carrying out an assessment and evaluation of key selected Value Chains for growth and development potential and prioritization to fill-in the knowledge gap required to adequately inform the preparation of the new World Bank “FAST Growth” project.
The Government of Tanzania had requested the World Bank to provide support and finance the FAST Growth project which focused on MSME competitiveness and explored the feasibility of interventions such as access to affordable finance, support to regulatory, policy and institutional reforms, etc.
The project also focused on a few selected value chains (VCs) and provided comprehensive support to those sectors to create a demonstration effect and a basis for replication of successful interventions in other value chains and sectors through subsequent projects.
In this view, International Economics carried out an initial assessment of potential VCs for growth and development impact and prioritization to fill-in the knowledge gap required to adequately inform the preparation of the new “FAST Growth” project.
The selection of the value chains for support was based on a set of criteria in order to adopt an objective assessment of those sectors with the greatest potential for transformational change, through World Bank support. The priority value chains our Team focused on were edible oils for mainland and, for Zanzibar, value chains along the tourism industry, including spices, cosmetics, honey, and food processing (such as jams, preserves) to supply the hospitality and accommodation sub-sector that at that time imported around 80% of required inputs from the mainland and other countries.
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