Over the last three years, Tanzania and East Africa generally has experienced a zigzag and unequitable economic growth. GDP is growing but poverty and economic hardships exist. This is exacerbated by bludgeoning national debts and constrained domestic resource mobilization. A budging population and youth bulge, with limited economic opportunities.
The EAC Countries have increased budgetary expenditures, increased taxes and suppressed inflationary pressures but recorded unevenly distributed economic prosperity. Unemployment, income and food poverty are still persistent. The World Bank reports poverty rates in East Africa are generally high, with significant variations by country and region. In 2022, approximately 39.8% of Kenya’s population lived below the national poverty line. The poverty rates in Tanzania and Uganda remain high and have remained stagnated or declined at very modest rates over the last five years. Data indicates that while some countries have made progress, substantial challenges remain, with high debt servicing and vulnerability to external shocks affecting poverty reduction efforts. There is a mismatch between economic policy and development outcomes. National budgets as economic policy tools have implementation gaps and limited public trust.
Under this project we address tackle economic policy and equity concerns through:
- Short economic policy analyses and briefings
- Economic policy convenings of webinars or colloquiums on Macro and Micro Economic topics such as Economic growth, poverty, unemployment, monetary policy, digital economy, financial inclusion etc
Our Activities
- Short Analytical and Evidence Based Research
- High Level Stakeholders and Academia interactive dialogues, webinars and colloquiums
- Policy advocacy and training
We are actively seeking for partners, donors and to support our work. We are actively looking for partners to support, sponsor or partner with us in delivering the projects under this program.
For more about this program contact us via: Governance and Economic Policy Centre via, Tel: +255 754 844410/ +254 717 872034, Email: info@gepc.or.tz or moses@gepc.or.tz Website: www.gepc.or.tz