| Tanzania joined the World Bank in 1962. Since then, World Bank assistance has focused on helping the country to achieve sustainable economic growth while reducing poverty. For more on the World Bank in Tanzania, visit the Country Brief.
The World Bank's Board approved a Country Assistance Strategy (CAS) for Tanzania in June 2000. According to this work plan for World Bank involvement in Tanzania, the focus of World Bank lending is on higher growth, poverty reduction, and institutional reforms to improve governance and service delivery. It shares the main directions of the Government of Tanzania: adherence to macroeconomic stability, renewed emphasis on rural development, improved governance, and increased private sector participation.
The Bank and other donors fully endorse Tanzania's poverty reduction agenda defined in the Poverty Reduction Strategy Paper (PRSP), which was presented to the Bank and the International Monetary Fund (IMF) Boards in 2000. The Government of Tanzania updated its first Poverty Reduction Strategy of October 2000 in three Progress Reports. A new PRSP, the "National Strategy for Growth and Reduction of Poverty" (NSGRP), also known as MKUKUTA according to its Swahili acronym, became available in April 2005.
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