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The World Bank (WB) has approved new funding to help Tanzania strengthen its revenue management, modernize public procurement processes, and improve resource allocation and audit effectiveness
The World Bank (WB) has approved new funding to help Tanzania strengthen its revenue management, modernize public procurement processes, and improve resource allocation and audit effectiveness.
The new USD 50 million is meant for Public Finance Management and Procurement Systems for the Service Delivery Programme. This funding will strengthen the capacity of the Mainland and Zanzibar to mobilize and manage public resources at the national level through strengthening institutional capacity, efficiency, transparency, and accountability.
The IMF statement said the operation is designed as a program for results (PforR) that links disbursements directly to the achievement of specific program results or outcomes. The program is structured around four key result areas, such as enhancing the e-filing system and launching taxpayer awareness campaigns. The second result area will focus on increasing the efficiency and transparency of public procurement management, including specific activities to enhance the electronic government procurement system capacity development and implementation of sustainable procurement practices.
The third result area will support efforts to improve financial management through better budgeting processes (including a citizens’ budget in Swahili) and financial reporting while the fourth result area will enhance accountability by supporting activities that strengthen external audit and parliamentary oversight.
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Other important reforms include the adoption of a treasury single account, the rollout of expenditure management systems, the introduction of electronic procurement systems, the development and rollout of the central budget management information system, and the strengthening of parliamentary oversight functions.
