Development Financing (June 2019 – 2021)
Similar to many other countries which endorsed Agenda 2030 for Sustainable Development in September 2015, one of the challenges facing implementation of the agenda is on financing. There is no doubt that some of the targets for SDGs agenda including total eradication (zero poverty) poverty by 2030 are quite ambitious requiring enormous amount of resources for implementation. In the context of Tanzania, implementation of the program through National Five Years Development Plan includes simultaneous execution of many and expensive projects, the majority of them being on infrastructure development.
This calls for exploration of alternative financing strategies for the plan and activities since the fiscal space provided by traditional funding sources such as tax revenues, non tax revenues and Overseas Development Assistance (ODA) don’t much financing needs. Besides, experience demonstrates that ODA has been dwindling and that many donor countries don’t honor their commitments of allocating 0.7 percent of Gross National Income (GNI) as ODA for developing countries since first international conference of financing for development of 2002 held in Monterrey Mexico.
As such, the objective of this program is to inform and advice financing strategies for national development plans and the ambitious and transformative agenda of 2030 encapsulated in the 17 Sustainable Development Goals. The programme focuses on increasing understanding of policy, legal and regulatory framework for the functioning of innovative instruments of development financing in Tanzania. The main output of the research programme shall be a report on Financing for Sustainable Development in Tanzania. Production of this report is accompanied with development of thirteen (13) background papers.
The following research projects were implemented for this program:-
- The landscape of Tanzania’s development financing by Dr. Servacious Likwelile, Department of Economics, UDSM
- Financing development: Examining the evolving Tanzania’s financing structure by Prof. Marc Wuyts, Erasmus University and Dr. Susan Newman, University of Bristol
- Utilization of Blended Finance and Matching Funds for Development Financing Tanzania: What are the opportunities and Challenges? By Dr. Kenneth Mdadila and Dr. Joel Silas
- Application of Crowd Funding as Innovative Instrument for Development Finance in Tanzania’s Context by Dr. Kenneth Mdadila and Dr. Jehovaness Aikaeli, Department of Economics, University of Dar es Salaam
- Feasibility of Social Impact Bonds in Tanzania by Dr. Cyril Chami, Dr. Pendo Kasoga and Dr. Lutengano Mwinuka, Department of Economics, University of DODOMA.
- Assessment of the feasibility of impact investing in Tanzania by Engage Consultants
- Exploring the feasibility of implementation of green and blue bonds in Development Financing in Tanzania by Mr. Edward Ndilanha, Freelance Consultant
- Role of Pension Funds in Development Financing in Tanzania by Skills Enhancement Centre
- Scaling up innovative private credit guarantee schemes in Tanzania by creative enterprises
- Financial markets and development financing in Tanzania: Opportunities and challenges by Dr. Wilhelm Ngasamiaku, DoE UDSM and Mr. Moremi Marwa, Dar es Salaam Stock Exchange
- The role of private equity funds in supporting business developments and investments in Tanzania by Mr. Salum Awadh, SSE Capital
- Expanding Non-Tax Revenue Base in Tanzania: Challenges and Prospects for the State Owned Enterprises (SOEs) by Dr. Josephat Kweka, Talanta International
- Efficacy of Development Finance Institutions (DFIs) in mandate delivery support of government project implementation initiatives by Dr. Hildebrand Shayo, TIB Bank
Development Financing Programme is being implemented by ESRF with funding support from United Nations Development Programme (UNDP).
Dr. Tausi Kida, ESRF Executive Director, extending welcome remarks during review workshop of background papers for Development Financing in Tanzania, 17th & 18th February 2020. The meeting was held at ESRF Conference Hall in Dar es Salaam.
We are here to learn and learn and learn. Mr. Amon Manyama, program specialist and coordinator of programmes, UNDP providing some remarks during opening session of review workshop of background papers for Development Financing Program. The workshop was organized on 17th and 18th February 2020 in Dar es Salaam.
A cross section of participants following a presentation during review workshop of background papers for Development Financing Project. The presentation is being made by Dr. Servacious Likwelile, Senior Lecturer, Department of Economics, University of Dar es Salaam.
Mrs. Christine Musisi, UNDP Resident Representative making some comments during workshop for review of background papers on Development Financing in Tanzania. The workshop was held on 17th and 18th February 2020 at ESRF Conference Hall.