Tanzania : Financial Sector Assessment

World Bank

Washington, DC

关键词: FINANCIAL SECTOR;    FINANCIAL ANALYSIS & POLICY COURSES;    FINANCIAL SYSTEMS;    MACROECONOMIC STABILIZATION;    POLICY REFORMS;   

RP-ID  :  26770

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This Financial Sector Assessmentsummarizes the findings of the joint WorldBank-International Monetary Fund (IMF) financial sectorassessment program (FSAP). The overall assessment ofdevelopment priorities, and financial stability suggest thateven though the current depth, and efficiency ofTanzania's financial system fall well short of what isneeded to help support economic growth, there are clearindications that the foundations of a sustainable advanceare being laid. Extensive policy reforms have been put inplace, notably the organizational, and financialrestructuring of the two largest banks, the opening of entryto financial services providers, and the substantialliberalization of domestic financial intermediation. Butthese sweeping reforms did not at first yield improvedaccess to financial services by economic agents. There hasbeen however, an accelerated pick-up in credit in the lasttwo years, with an intensified competition for creditworthyborrowers at all levels in the urban areas. Yet, largeswathes of the economy are, however, working with littleformal credit. This is true of much of agriculture, and therural economy, thus new business models and lendingtechnologies, need to be bought into play. A key task forgovernment will be to help ensure the legal, and informationinfrastructures on which the banks, and other financialinstitutions can build. Two competing visions ofTanzania's future financial sector differ as to whethermicro, and small-scale financial services will be providedmore by formal sector banks reaching down, or by thedevelopment of community - or nongovernmental (NGO)-basedmicro-finance institutions (MFIs). Main elements for thedevelopment of the Tanzanian financial system, and itsinstitutional, and financial strengthening requires along-term, planned approach, that includes reform ofgovernment-owned financial institutions; legal and judicialreform; enhanced access to financial services; long-terminvestment, by liberalizing investment requirements forinsurance companies; managing systemic liquidity, marketintervention, and infrastructure, and, immediate reviewingof some regulations as mentioned, aimed at relaxing undulyconstraining barriers; and, the development ofa financialsystem crisis prevention and management plan, and tax reform.