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30.4
Economic Descriptor
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11
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2010-12-03
P1
R1
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Submit Financial Stability Report to the BoT Board.
1
06/30/2010
M
Introduced at R0. Justification: Reinforces macro prudential surveillance.
1
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2010-12-03
P1
R1
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Notification to banks to increase contributions to the Deposit Insurance Fund.
2
06/30/2010
M
Introduced at R0. Justification: Introduced at R0. Justification: Deepens deposit insurance coverage.
1
2
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2010-12-03
P1
R1
BLANK
SB
29
10. Economic statistics (excluding fiscal and central bank transparency and similar measures)
Develop core inflation index.
1
12/31/2010
MOD-DATE
Introduced at R0. Justification: Provides more meaningful indicator of the stance of monetary policy and a key EAC convergence indicator. At R1, in progress. Revision of the composition of the Consumer Basket is being finalized by the National Bureau of Statistics. New test date of end-March 2011 is specified.
1
1
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2010-12-03
P1
R1
BLANK
SB
29
10. Economic statistics (excluding fiscal and central bank transparency and similar measures)
Develop core inflation index.
1
03/31/2011
SB
At R1, benchmark rescheduled to end-March 2011 in order to incorporate new CPI basket and additional consultation with EAC members.
1
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2010-12-03
P1
R1
BLANK
SB
30.3
11.3. PRSP development and implementation
Adoption of MKUKUTA II (new 5-year poverty reduction and growth strategy) by Cabinet.
1
06/30/2010
MD
Introduced at R0. Justification: Provides the overall framework for policy interventions.
1
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
12/31/2010
MOD-DATE
Introduced at R0. Justification: Critical for ensuring sustainability of the government’s borrowing strategy and for facilitating broader access to capital markets. At R1, in progress. New test date is specified so that the input from a Bank/Fund TA mission in December can be incorporated.
2
1
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
03/31/2011
MOD-DATE
At R1, test date rescheduled to end-March 2011, to incorporate results of additional Fund-Bank TA in December 2010. At R2, "in progress"; expected to be completed by bend-June 2011.
2
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
06/30/2011
SB
At R2, expected to be completed by end-June 2011.
2
1
2011-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
20.5
1.5. Debt Management
Establish a unified public debt statistics database under a single monitoring unit.
2
12/31/2011
SB
Introduced at R2. Macro criticality: Critical for effective monitoring of debt obligations
2
2
2011-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Establish a PPP unit within the MoFEA.
1
12/31/2010
M
Introduced at R0. Justification: Essential for MoFEA to be able to implement its gate-keeping responsibilities specified in the PPP legislation. Met at the time of R1.
2
1
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Develop an index for monitoring priority social spending.
2
12/31/2010
MOD-DATE
Introduced at R0. Justification: Facilitates monitoring the implementation of social spending. At R1, in progress. The Government has adopted the functional classification of budget items and budget books for fiscal year 2010/11 were prepared in line with COFOG, which will enable monitoring of spending by economic functions. At R2, "in progress"; proposed new test date of end-December 2011.
2
2
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Develop an index for monitoring priority social spending.
2
12/31/2011
SB
At R2, new test date is specified.
2
2
2011-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Collect data, on a quarterly basis, on payment claims outstanding over 30, 60, and 90 days in Ministries of Infrastructure, Health, and Home Affairs. End-June data to be provided by end-September.
3
06/30/2010
M
Introduced at R0. Justification: Enables a more accurate monitoring of the fiscal situation, and facilitates better projections of cash flow needs and smoother implementation of monetary policy.
2
3
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Collect data, on a quarterly basis, on payment claims outstanding over 30, 60, and 90 days in Ministries of Infrastructure, Health, and Home Affairs. End-June data to be provided by end-September.
3
Quarterly
SB
Introduced at R0. Justification: Enables a more accurate monitoring of the fiscal situation, and facilitates better projections of cash flow needs and smoother implementation of monetary policy.
2
3
2023-09-23
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Prepare a report on payment claims outstanding over 30, 60, and 90 days in Ministries of Infrastructure, Health, and Home Affairs for end-June, 2010.
4
12/31/2010
M
Introduced at R1.
2
4
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
21.1
2.1. Central bank operations and reforms
Establish framework for emergency liquidity assistance beyond day-to-day liquidity management and tools.
1
03/31/2011
NM
Introduced at R0. Justification: Provides mechanism for expedited handling of liquidity problems with systemic implications. For assessment at R2. At R1, in progress. An outline of financial crisis management framework has already been prepared. At R2, Not met. Proposed to be dropped in view of other actions taken to establish a comprehensive crisis management framework.
2
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
23.1
4.1. Pension reforms
Appoint Head of Social Security Regulatory Agency and issue investment guidelines for pension funds.
1
06/30/2010
MOD-SB
Introduced at R0. Justification: Absence of effective regulation/supervision of the social security funds—which hold assets of 10 percent of GDP or one quarter of the financial system—adds considerable risk to the financial system and public finances. At R1, appointment of Head completed in September; modified to "Issuance of investment guidelines for pension funds".
2
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
23.1
4.1. Pension reforms
Introduce data collection and reporting system for pension funds.
2
06/30/2010
M
Introduced at R0. Justification: Enables higher frequency and more accurate monitoring of risks in the financial sector.
2
2
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
23.1
4.1. Pension reforms
Issuance of investment guidelines for pension funds.
4
03/31/2011
MOD-DATE
At R1, "issue investment guidelines for pension funds" rescheduled to end-March 2011, so that results of World Bank audits can be taken into account. Rationale of benchmark: mitigates risk to the financial system and public finances of large, unregulated pension funds (accounting for 25 percent of financial sector assets). At R2, "in progress"; changed text of benchmark and proposed rephasing to end-September 2011 to allow completion of ongoing actuarial assessment.
2
4
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
23.1
4.1. Pension reforms
Issuance of investment guidelines for pension funds.
4
09/30/2011
SB
At R2, revised text of condition: "Appoint Head of Social Security Regulatory Agency and issue investment guidelines for pension funds" and specification of new test date of end-September 2011. Macro criticality: Mitigates risk to the financial system and public finances of large, unregulated pension funds.
2
4
2011-09-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
23.2
4.2. Other social sector reforms (e.g., social safety nets, health and education)
Approval by Cabinet of a new National Social Protection Framework.
1
06/30/2010
MOD-DATE
Introduced at R0. Justification: To provide a reliable and comprehensive social safety net targeted to the most vulnerable and better automatic stabilizers in the event of future shocks. New test date of end-March 2011.
2
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
23.2
4.2. Other social sector reforms (e.g., social safety nets, health and education)
Approval by Cabinet of a new National Social Protection Framework.
1
03/31/2011
MOD-DATE
New test date specified because benchmark was not met end-June 2010. At R2, "in progress". Proposed new testdate of end-June 2011. Text is also slightly changed to "Approval by Government...".
2
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
23.2
4.2. Other social sector reforms (e.g., social safety nets, health and education)
Approval by Cabinet of a new National Social Protection Framework.
1
06/30/2011
SB
At R2, new test date specified.
2
1
2011-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Submit Financial Stability Report to the BoT Board.
1
06/30/2010
M
Introduced at R0. Justification: Reinforces macro prudential surveillance.
2
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Notification to banks to increase contributions to the Deposit Insurance Fund.
2
06/30/2010
M
Introduced at R0. Justification: Introduced at R0. Justification: Deepens deposit insurance coverage.
2
2
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
29
10. Economic statistics (excluding fiscal and central bank transparency and similar measures)
Develop core inflation index.
1
12/31/2010
MOD-DATE
Introduced at R0. Justification: Provides more meaningful indicator of the stance of monetary policy and a key EAC convergence indicator. At R1, in progress. Revision of the composition of the Consumer Basket is being finalized by the National Bureau of Statistics. New test date of end-March 2011 is specified.
2
1
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
29
10. Economic statistics (excluding fiscal and central bank transparency and similar measures)
Develop core inflation index.
1
03/31/2011
M
At R1, benchmark rescheduled to end-March 2011 in order to incorporate new CPI basket and additional consultation with EAC members.
2
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2011-05-06
P1
R2
BLANK
SB
30.3
11.3. PRSP development and implementation
Adoption of MKUKUTA II (new 5-year poverty reduction and growth strategy) by Cabinet.
1
06/30/2010
MD
Introduced at R0. Justification: Provides the overall framework for policy interventions.
2
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
12/31/2010
MOD-DATE
Introduced at R0. Justification: Critical for ensuring sustainability of the government’s borrowing strategy and for facilitating broader access to capital markets. At R1, in progress. New test date is specified so that the input from a Bank/Fund TA mission in December can be incorporated.
3
1
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
03/31/2011
MOD-DATE
At R1, test date rescheduled to end-March 2011, to incorporate results of additional Fund-Bank TA in December 2010. At R2, "in progress"; expected to be completed by bend-June 2011.
3
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
06/30/2011
M
At R2, expected to be completed by end-June 2011.
3
1
2011-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
20.5
1.5. Debt Management
Establish a unified public debt statistics database under a single monitoring unit.
2
12/31/2011
M
Introduced at R2. Macro criticality: Critical for effective monitoring of debt obligations
3
2
2011-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Establish a PPP unit within the MoFEA.
1
12/31/2010
M
Introduced at R0. Justification: Essential for MoFEA to be able to implement its gate-keeping responsibilities specified in the PPP legislation. Met at the time of R1.
3
1
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Develop an index for monitoring priority social spending.
2
12/31/2010
MOD-DATE
Introduced at R0. Justification: Facilitates monitoring the implementation of social spending. At R1, in progress. The Government has adopted the functional classification of budget items and budget books for fiscal year 2010/11 were prepared in line with COFOG, which will enable monitoring of spending by economic functions. At R2, "in progress"; proposed new test date of end-December 2011.
3
2
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Develop an index for monitoring priority social spending.
2
12/31/2011
M
At R2, new test date is specified.
3
2
2011-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Collect data, on a quarterly basis, on payment claims outstanding over 30, 60, and 90 days in Ministries of Infrastructure, Health, and Home Affairs. End-June data to be provided by end-September.
3
06/30/2010
M
Introduced at R0. Justification: Enables a more accurate monitoring of the fiscal situation, and facilitates better projections of cash flow needs and smoother implementation of monetary policy.
3
3
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Collect data, on a quarterly basis, on payment claims outstanding over 30, 60, and 90 days in Ministries of Infrastructure, Health, and Home Affairs. End-June data to be provided by end-September.
3
Quarterly
SB
Introduced at R0. Justification: Enables a more accurate monitoring of the fiscal situation, and facilitates better projections of cash flow needs and smoother implementation of monetary policy.
3
3
2023-09-23
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Prepare a report on payment claims outstanding over 30, 60, and 90 days in Ministries of Infrastructure, Health, and Home Affairs for end-June, 2010.
4
12/31/2010
M
Introduced at R1.
3
4
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
The Ministry of Finance will make available on a permanent basis on its internet website copies of the full four volumes of revenue and public expenditure estimates as submitted to and approved by the National Assembly, starting with the 2011/12 budget.
1
03/31/2012
SB
Introduced at R3. Macroeconomic rationale: Improves transparency of government’s finances and supports budget monitoring and control by the public
3
1
2012-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
21.1
2.1. Central bank operations and reforms
Establish framework for emergency liquidity assistance beyond day-to-day liquidity management and tools.
1
03/31/2011
NM
Introduced at R0. Justification: Provides mechanism for expedited handling of liquidity problems with systemic implications. For assessment at R2. At R1, in progress. An outline of financial crisis management framework has already been prepared. At R2, Not met. Proposed to be dropped in view of other actions taken to establish a comprehensive crisis management framework.
3
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
23.1
4.1. Pension reforms
Appoint Head of Social Security Regulatory Agency and issue investment guidelines for pension funds.
1
06/30/2010
MOD-SB
Introduced at R0. Justification: Absence of effective regulation/supervision of the social security funds—which hold assets of 10 percent of GDP or one quarter of the financial system—adds considerable risk to the financial system and public finances. At R1, appointment of Head completed in September; modified to "Issuance of investment guidelines for pension funds".
3
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
23.1
4.1. Pension reforms
Introduce data collection and reporting system for pension funds.
2
06/30/2010
M
Introduced at R0. Justification: Enables higher frequency and more accurate monitoring of risks in the financial sector.
3
2
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
23.1
4.1. Pension reforms
Issuance of investment guidelines for pension funds.
3
03/31/2011
MOD-DATE
At R1, "issue investment guidelines for pension funds" rescheduled to end-March 2011, so that results of World Bank audits can be taken into account. Rationale of benchmark: mitigates risk to the financial system and public finances of large, unregulated pension funds (accounting for 25 percent of financial sector assets). At R2, "in progress"; changed text of benchmark and proposed rephasing to end-September 2011 to allow completion of ongoing actuarial assessment.
3
3
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
23.1
4.1. Pension reforms
Issuance of investment guidelines for pension funds.
3
09/30/2011
MOD-DATE
At R2, revised text of condition: "Appoint Head of Social Security Regulatory Agency and issue investment guidelines for pension funds" and specification of new test date of end-September 2011. Macro criticality: Mitigates risk to the financial system and public finances of large, unregulated pension funds. At R3, Proposed delayed to end-March 2012 to complete an actuarial assessment.
3
3
2011-09-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
23.1
4.1. Pension reforms
Issuance of investment guidelines for pension funds.
3
03/31/2012
SB
At R3, delayed to end-March 2012 to complete an actuarial assessment.
3
3
2012-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
23.2
4.2. Other social sector reforms (e.g., social safety nets, health and education)
Approval by Cabinet of a new National Social Protection Framework.
1
06/30/2010
MOD-DATE
Introduced at R0. Justification: To provide a reliable and comprehensive social safety net targeted to the most vulnerable and better automatic stabilizers in the event of future shocks. New test date of end-March 2011.
3
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
23.2
4.2. Other social sector reforms (e.g., social safety nets, health and education)
Approval by Cabinet of a new National Social Protection Framework.
1
03/31/2011
MOD-DATE
New test date specified because benchmark was not met end-June 2010. At R2, "in progress". Proposed new testdate of end-June 2011. Text is also slightly changed to "Approval by Government...".
3
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
23.2
4.2. Other social sector reforms (e.g., social safety nets, health and education)
Approval by Cabinet of a new National Social Protection Framework.
1
06/30/2011
CAN
At R2, new test date specified. At R3, Proposed to be dropped. Work on a NSPF has been integrated into an ongoing, broader, national social security reform program.
3
1
2011-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
24.1
5.1. Public enterprise pricing and subsidies
Regulatory authority approval of an increase in TANESCO’s weighted average power tariff of not less than 40 percent to reduce its subsidies and better position it to repay the new loan that it is contracting to cover operating costs.
1
12/31/2011
SB
Introduced at R3. Macroeconomic rationale: Reduces potential fiscal costs by strengthening TANESCO’s finances
3
1
2011-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Submit Financial Stability Report to the BoT Board.
1
06/30/2010
M
Introduced at R0. Justification: Reinforces macro prudential surveillance.
3
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Notification to banks to increase contributions to the Deposit Insurance Fund.
2
06/30/2010
M
Introduced at R0. Justification: Introduced at R0. Justification: Deepens deposit insurance coverage.
3
2
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
The Government will submit to parliament draft legislation to tighten the existing AML framework in line with FATF recommendations and address national jurisdictional issues in support of Tanzania’s AML/CFT action plan agreed with the FATF.
3
02/29/2012
SB
Introduced at R3. Macroeconomic rationale: Supports compliance with international financial norms and integrity of financial system
3
3
2012-02-29
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
29
10. Economic statistics (excluding fiscal and central bank transparency and similar measures)
Develop core inflation index.
1
12/31/2010
MOD-DATE
Introduced at R0. Justification: Provides more meaningful indicator of the stance of monetary policy and a key EAC convergence indicator. At R1, in progress. Revision of the composition of the Consumer Basket is being finalized by the National Bureau of Statistics. New test date of end-March 2011 is specified.
3
1
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
29
10. Economic statistics (excluding fiscal and central bank transparency and similar measures)
Develop core inflation index.
1
03/31/2011
M
At R1, benchmark rescheduled to end-March 2011 in order to incorporate new CPI basket and additional consultation with EAC members.
3
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
30.2
11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)
The Ministry of Finance, Planning Commission, and TRA will prepare a report identifying steps to be taken to prepare Tanzania’s macroeconomic management for the new gas economy, and identifying the nature of any corresponding technical assistance needs.
1
12/31/2012
SB
Introduced at R3. Macroeconomic rationale: Supports early preparation for major macroeconomic changes in the years ahead.
3
1
2012-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
30.2
11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)
The Ministry of Finance will provide to the IMF the technical and economic evaluation of the proposed gas pipeline project.
2
06/30/2012
SB
Introduced at R3. Macroeconomic rationale: Promotes evaluation of large investment projects by the government to help ensure value for money
3
2
2012-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-01-20
P1
R3
BLANK
SB
30.3
11.3. PRSP development and implementation
Adoption of MKUKUTA II (new 5-year poverty reduction and growth strategy) by Cabinet.
1
06/30/2010
MD
Introduced at R0. Justification: Provides the overall framework for policy interventions.
3
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
12/31/2010
MOD-DATE
Introduced at R0. Justification: Critical for ensuring sustainability of the government’s borrowing strategy and for facilitating broader access to capital markets. At R1, in progress. New test date is specified so that the input from a Bank/Fund TA mission in December can be incorporated.
4
1
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
03/31/2011
MOD-DATE
At R1, test date rescheduled to end-March 2011, to incorporate results of additional Fund-Bank TA in December 2010. At R2, "in progress"; expected to be completed by bend-June 2011.
4
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
06/30/2011
M
At R2, expected to be completed by end-June 2011.
4
1
2011-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.5
1.5. Debt Management
Establish a unified public debt statistics database under a single monitoring unit.
2
12/31/2011
M
Introduced at R2. Macro criticality: Critical for effective monitoring of debt obligations
4
2
2011-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.5
1.5. Debt Management
Establish a new Debt Management Office (DMO) in the Ministry of Finance to consolidate public debt management functions.
3
12/31/2012
SB
Introduced at R4. Macroeconomic rationale: Seeks to ensure strong, consolidated monitoring of debt liabilities to underpin sound public debt management.
4
3
2012-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.5
1.5. Debt Management
Compile and share with IMF a quarterly report of all government debt guarantees within 6 weeks of the end of each quarter. This will start with the first quarter of 2012/13.
4
11/30/2012
SB
Introduced at R4. Macroeconomic rationale: The more frequent monitoring of debt guarantees will strengthen public debt management.
4
4
2012-11-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.5
1.5. Debt Management
Compile and share with IMF a quarterly report of all government debt guarantees within 6 weeks of the end of each quarter. This will start with the first quarter of 2012/13.
4
Quarterly
SB
Introduced at R4. Macroeconomic rationale: The more frequent monitoring of debt guarantees will strengthen public debt management.
4
4
2023-09-23
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Establish a PPP unit within the MoFEA.
1
12/31/2010
M
Introduced at R0. Justification: Essential for MoFEA to be able to implement its gate-keeping responsibilities specified in the PPP legislation. Met at the time of R1.
4
1
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Develop an index for monitoring priority social spending.
2
12/31/2010
MOD-DATE
Introduced at R0. Justification: Facilitates monitoring the implementation of social spending. At R1, in progress. The Government has adopted the functional classification of budget items and budget books for fiscal year 2010/11 were prepared in line with COFOG, which will enable monitoring of spending by economic functions. At R2, "in progress"; proposed new test date of end-December 2011.
4
2
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Develop an index for monitoring priority social spending.
2
12/31/2011
M
At R2, new test date is specified.
4
2
2011-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Collect data, on a quarterly basis, on payment claims outstanding over 30, 60, and 90 days in Ministries of Infrastructure, Health, and Home Affairs. End-June data to be provided by end-September.
3
06/30/2010
M
Introduced at R0. Justification: Enables a more accurate monitoring of the fiscal situation, and facilitates better projections of cash flow needs and smoother implementation of monetary policy.
4
3
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Collect data, on a quarterly basis, on payment claims outstanding over 30, 60, and 90 days in Ministries of Infrastructure, Health, and Home Affairs. End-June data to be provided by end-September.
3
Quarterly
SB
Introduced at R0. Justification: Enables a more accurate monitoring of the fiscal situation, and facilitates better projections of cash flow needs and smoother implementation of monetary policy.
4
3
2023-09-23
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.6
1.6. Expenditure auditing, accounting, and financial controls
Prepare a report on payment claims outstanding over 30, 60, and 90 days in Ministries of Infrastructure, Health, and Home Affairs for end-June, 2010.
4
12/31/2010
M
Introduced at R1.
4
4
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
20.7
1.7. Fiscal transparency (publication, parliamentary oversight)
The Ministry of Finance will make available on a permanent basis on its internet website copies of the full four volumes of revenue and public expenditure estimates as submitted to and approved by the National Assembly, starting with the 2011/12 budget.
1
03/31/2012
M
Introduced at R3. Macroeconomic rationale: Improves transparency of government’s finances and supports budget monitoring and control by the public. At R4, Met in advance. The four volumes were made available on the internet before end-2011.
4
1
2012-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
21.1
2.1. Central bank operations and reforms
Establish framework for emergency liquidity assistance beyond day-to-day liquidity management and tools.
1
03/31/2011
NM
Introduced at R0. Justification: Provides mechanism for expedited handling of liquidity problems with systemic implications. For assessment at R2. At R1, in progress. An outline of financial crisis management framework has already been prepared. At R2, Not met. Proposed to be dropped in view of other actions taken to establish a comprehensive crisis management framework.
4
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
21.2
2.2. Central bank auditing, transparency, and financial controls
Compile and publish full preliminary balance of payments data on a quarterly basis within 3 months of the end of the relevant quarter.
1
12/31/2012
SB
Introduced at R4. (End December 2012 for data through end-September 2012). Macroeconomic rationale: Seeks to strengthen macroeconomic and policy analysis.
4
1
2012-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
21.2
2.2. Central bank auditing, transparency, and financial controls
Compile and publish full preliminary balance of payments data on a quarterly basis within 3 months of the end of the relevant quarter.
1
Quarterly
SB
Introduced at R4. (End December 2012 for data through end-September 2012). Macroeconomic rationale: Seeks to strengthen macroeconomic and policy analysis.
4
1
2023-09-23
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
23.1
4.1. Pension reforms
Appoint Head of Social Security Regulatory Agency and issue investment guidelines for pension funds.
1
06/30/2010
MOD-SB
Introduced at R0. Justification: Absence of effective regulation/supervision of the social security funds—which hold assets of 10 percent of GDP or one quarter of the financial system—adds considerable risk to the financial system and public finances. At R1, appointment of Head completed in September, modified to "Issuance of investment guidelines for pension funds".
4
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
23.1
4.1. Pension reforms
Introduce data collection and reporting system for pension funds.
2
06/30/2010
M
Introduced at R0. Justification: Enables higher frequency and more accurate monitoring of risks in the financial sector.
4
2
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
23.1
4.1. Pension reforms
Issuance of investment guidelines for pension funds.
3
03/31/2011
MOD-DATE
At R1, "issue investment guidelines for pension funds" rescheduled to end-March 2011, so that results of World Bank audits can be taken into account. Rationale of benchmark: mitigates risk to the financial system and public finances of large, unregulated pension funds (accounting for 25 percent of financial sector assets). At R2, "in progress"; changed text of benchmark and proposed rephasing to end-September 2011 to allow completion of ongoing actuarial assessment.
4
3
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
23.1
4.1. Pension reforms
Issuance of investment guidelines for pension funds.
3
09/30/2011
MOD-DATE
At R2, revised text of condition: "Appoint Head of Social Security Regulatory Agency and issue investment guidelines for pension funds" and specification of new test date of end-September 2011. Macro criticality: Mitigates risk to the financial system and public finances of large, unregulated pension funds. At R3, Proposed delayed to end-March 2012 to complete an actuarial assessment.
4
3
2011-09-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
23.1
4.1. Pension reforms
Issuance of investment guidelines for pension funds.
3
03/31/2012
M
At R3, delayed to end-March 2012 to complete an actuarial assessment. At R4, Social Security Investment guidelines were in March 2012.
4
3
2012-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
23.2
4.2. Other social sector reforms (e.g., social safety nets, health and education)
Approval by Cabinet of a new National Social Protection Framework.
1
06/30/2010
MOD-DATE
Introduced at R0. Justification: To provide a reliable and comprehensive social safety net targeted to the most vulnerable and better automatic stabilizers in the event of future shocks. New test date of end-March 2011.
4
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
23.2
4.2. Other social sector reforms (e.g., social safety nets, health and education)
Approval by Cabinet of a new National Social Protection Framework.
1
03/31/2011
MOD-DATE
New test date specified because benchmark was not met end-June 2010. At R2, "in progress". Proposed new testdate of end-June 2011. Text is also slightly changed to "Approval by Government...".
4
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
23.2
4.2. Other social sector reforms (e.g., social safety nets, health and education)
Approval by Cabinet of a new National Social Protection Framework.
1
06/30/2011
CAN
At R2, new test date specified. At R3, Proposed to be dropped. Work on a NSPF has been integrated into an ongoing, broader, national social security reform program.
4
1
2011-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
24.1
5.1. Public enterprise pricing and subsidies
Regulatory authority approval of an increase in TANESCO’s weighted average power tariff of not less than 40 percent to reduce its subsidies and better position it to repay the new loan that it is contracting to cover operating costs.
1
12/31/2011
M
Introduced at R3. Macroeconomic rationale: Reduces potential fiscal costs by strengthening TANESCO’s finances. At R4, Met with short delay. The tariff increase of 40.3 percent was implemented on January 15, 2012.
4
1
2011-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
24.1
5.1. Public enterprise pricing and subsidies
Regulatory authority completion of cost of service study for the power utility, TANESCO, and implementation of any findings in regard to the power tariff regime.
2
08/31/2012
SB
Introduced at R4. Macroeconomic rationale: Addresses contingent fiscal liabilities by ensuring financial viability of TANESCO.
4
2
2012-08-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Submit Financial Stability Report to the BoT Board.
1
06/30/2010
M
Introduced at R0. Justification: Reinforces macro prudential surveillance.
4
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
Notification to banks to increase contributions to the Deposit Insurance Fund.
2
06/30/2010
M
Introduced at R0. Justification: Introduced at R0. Justification: Deepens deposit insurance coverage.
4
2
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
25.1
6.1. Financial sector legal reforms, regulation, and supervision
The Government will submit to parliament draft legislation to tighten the existing AML framework in line with FATF recommendations and address national jurisdictional issues in support of Tanzania’s AML/CFT action plan agreed with the FATF.
3
02/29/2012
M
Introduced at R3. Macroeconomic rationale: Supports compliance with international financial norms and integrity of financial system. At R4, Met in advance. The legislation was submitted to parliament in January, approved on February 3, 2012, and signed into law by the President on February 20, 2012.
4
3
2012-02-29
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
29
10. Economic statistics (excluding fiscal and central bank transparency and similar measures)
Develop core inflation index.
1
12/31/2010
MOD-DATE
Introduced at R0. Justification: Provides more meaningful indicator of the stance of monetary policy and a key EAC convergence indicator. At R1, in progress. Revision of the composition of the Consumer Basket is being finalized by the National Bureau of Statistics. New test date of end-March 2011 is specified.
4
1
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
29
10. Economic statistics (excluding fiscal and central bank transparency and similar measures)
Develop core inflation index.
1
03/31/2011
M
At R1, benchmark rescheduled to end-March 2011 in order to incorporate new CPI basket and additional consultation with EAC members.
4
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
30.2
11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)
The Ministry of Finance, Planning Commission, and TRA will prepare a report identifying steps to be taken to prepare Tanzania’s macroeconomic management for the new gas economy, and identifying the nature of any corresponding technical assistance needs.
1
12/31/2012
SB
Introduced at R3. Macroeconomic rationale: Supports early preparation for major macroeconomic changes in the years ahead.
4
1
2012-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
30.2
11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)
The Ministry of Finance will provide to the IMF the technical and economic evaluation of the proposed gas pipeline project.
2
06/30/2012
M
Introduced at R3. Macroeconomic rationale: Promotes evaluation of large investment projects by the government to help ensure value for money. At R4, Met in advance. A feasibility study of the gas pipeline conducted by independent consultants and engineers in 2010-11 was provided to Fund staff in late-May 2012. A further feasibility study conducted by a second consultant in 2011-12 was also provided to Fund staff in May.
4
2
2012-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2012-07-06
P1
R4
BLANK
SB
30.3
11.3. PRSP development and implementation
Adoption of MKUKUTA II (new 5-year poverty reduction and growth strategy) by Cabinet.
1
06/30/2010
MD
Introduced at R0. Justification: Provides the overall framework for policy interventions.
4
1
2010-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2013-01-09
P1
R5
BLANK
SB
20.1
1.1. Revenue measures, excluding trade policy
Submit a new VAT Bill to Parliament.
1
04/30/2013
SB
Introduced at R5. Macroeconomic rationale: Improve economic efficiency and increase revenue-to-GDP ratio. This benchmark also applies to Tanzania's SCF program.
5
1
2013-04-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2013-01-09
P1
R5
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
12/31/2010
MOD-DATE
Introduced at R0. Justification: Critical for ensuring sustainability of the government’s borrowing strategy and for facilitating broader access to capital markets. At R1, in progress. New test date is specified so that the input from a Bank/Fund TA mission in December can be incorporated.
5
1
2010-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2013-01-09
P1
R5
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
03/31/2011
MOD-DATE
At R1, test date rescheduled to end-March 2011, to incorporate results of additional Fund-Bank TA in December 2010. At R2, "in progress"; expected to be completed by bend-June 2011.
5
1
2011-03-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2013-01-09
P1
R5
BLANK
SB
20.5
1.5. Debt Management
Debt management: Prepare a Medium-Term Debt Strategy consistent with resource needs under the new PRS and reflecting contingent liabilities.
1
06/30/2011
M
At R2, expected to be completed by end-June 2011.
5
1
2011-06-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2013-01-09
P1
R5
BLANK
SB
20.5
1.5. Debt Management
Establish a unified public debt statistics database under a single monitoring unit.
2
12/31/2011
M
Introduced at R2. Macro criticality: Critical for effective monitoring of debt obligations
5
2
2011-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2013-01-09
P1
R5
BLANK
SB
20.5
1.5. Debt Management
Establish a new Debt Management Office (DMO) in the Ministry of Finance to consolidate public debt management functions.
3
12/31/2012
SB
Introduced at R4. Macroeconomic rationale: Seeks to ensure strong, consolidated monitoring of debt liabilities to underpin sound public debt management.
5
3
2012-12-31
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2013-01-09
P1
R5
BLANK
SB
20.5
1.5. Debt Management
Compile and share with IMF a quarterly report of all government debt guarantees within 6 weeks of the end of each quarter. This will start with the first quarter of 2012/13.
4
11/30/2012
M
Introduced at R4. Macroeconomic rationale: The more frequent monitoring of debt guarantees will strengthen public debt management.
5
4
2012-11-30
N/A
N/A
N/A
N/A
642
TANZANIA
738
PSI
2010-06-04
2,010
2013-06-03
2,013
N/A
N/A
N/A
2013-01-09
P1
R5
BLANK
SB
20.5
1.5. Debt Management
Compile and share with IMF a quarterly report of all government debt guarantees within 6 weeks of the end of each quarter. This will start with the first quarter of 2012/13.
4
Quarterly
SB
Introduced at R4. Macroeconomic rationale: The more frequent monitoring of debt guarantees will strengthen public debt management.
5
4
2023-09-23
N/A
N/A
N/A
N/A