Tanzania: Maintaining Tanzania's Lower-Middle Income Status Post-Covid-19 Will Depend On Strengthening Resilience

press release

Dar es Salaam — Following two decades of sustained growth, Tanzania reached an important milestone in July 2020, when it formally graduated to lower-middle-income country status. However, the global COVID-19 pandemic has significantly slowed economic growth, adversely affecting lives and livelihoods of Tanzanians, and requiring bold policy actions to ensure that Tanzania's LMIC status is maintained.

The 15th Tanzania Economic Update, Raising the Bar: Achieving Tanzania's Development Vision takes Tanzania's recent achievement of LMIC status as a point of departure, looking forward to what it will take to achieve the goals of the Tanzania Development Vision (TDV) 2025.

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