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Concerns over sovereignty of development finance: Tanzanians want local solutions and local control

/ Publications / Concerns over sovereignty of development finance: Tanzanians want local solutions and local control

Publisher : REPOA
Author(s) : Cornel Jahari

Policy Briefs

On this Policy Brief, the findings as picked from the Afrobarometer Survey Round 8 reveal that Tanzanians value more independent pursuit of development than conditional foreign financing. REPOA is Tanzania’s Afrobarometer country partner.

The following are the key policy recommendations:

  • First, the Government should continue to make efforts to protect national sovereignty by minimizing aid that comes with unfavourable conditionalities.
  • Second, although, Tanzanians have the view that their government should finance its development plans from its own resources even at the expense of higher taxes than depending on external resources, government efforts to mobilize domestic resources should effectively involve key stakeholders to identify alternative tax- and non-tax sources so that revenue base can be broadened without distorting economic efficiency and growth.
  • Third, the Government should avoid taking loans before involving financial experts and international loan consultants who can do a feasibility analysis and advise the government on the most appropriate loan mix instead of borrowing under undue political influence that may cause unwarranted debt burden to the citizens and the country in the future.

Please read the full details of this Afrobarometer survey related brief just below…

PB-09-Concerns-over-sovereignty-of-development-finance-edits-20-May-2023Download

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