By The Citizen Reporter
Dar
es Salaam — The World Bank today said Tanzania's economy grew by 5.2
per cent in 2018, contradicting the 7 per cent growth figure announced
by the government of Tanzania in June 2019.
The Bretton Wood
institution also forecast 2019 growth at 5.4 per cent against the
government's
projection of a 7.1 per cent growth rate.
But the National
Bureau of Statistics (NBS) Director General, Dr Albina Chuwa, disputed
the World Bank figures, questioning the reliability of its data.
She said the agency stood by the government figures as had been announced by Finance Minister Dr Philip Mpango.
The World Bank
figures were contained in 'Tanzania Economic Update' report released
today, July 18, 2019 in Dar es Salaam. It was presented by Mr Bill
Battaile, the bank's lead economist -macroeconomic and fiscal management
global practices East Africa and Debt Group.
It was a second
major report this year from a multilateral financial institution
contradicting government economic growth figures.
Also Read
When Air Tanzania's dreamliner landed in Mumbai, India - Pictorial
PM Majaliwa warns against multiple registration in the voters registry
US Congress blocks Saudi arms sales in rebuke to Trump
Sudan political turmoil drives fears of economic collapse
The International
Monetary Fund (IMF) in April lowered its forecast for Tanzania's
economic growth this year and in 2020 to around 4 per cent, a figure
also vehemently disputed by the government which reportedly blocked the
publications of the report.
The IMF report which was leaked showed that Tanzania's economy will expand slightly to 4.2 percent in 2020.
Today July 18th
during the launch of the latest World Bank report, Mr Battaile said
their calculation is based on data by the Bank of Tanzania (BoT) and
Tanzania Revenue Authority (TRA).
"We are ready to
have a meeting with NBS, BoT and TRA to go through item by item in this
report to clear any confusion, if any," Mr Battaile said in response to
the challenge from the NBS boss, Dr Chuwa.
No comments :
Post a Comment