The Bank of Tanzania (BoT) as the Custodian of the Tanzanian Economy: Opportunities and Challenges

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dc.contributor.authorMasabo, Conrad John
dc.date.accessioned2017-05-15T14:58:13Z
dc.date.available2017-05-15T14:58:13Z
dc.date.issued2012-12
dc.description.abstractWhen Tanzania embarked on fundamental transformation of its economy almost two decades ago one of the top agenda in the economic reforms was the need to overhaul the financial system. And in view of pivotal role it plays in the country’s economy, the banking sector was the first to undergo reforms. Implementation of the reforms followed recommendations of the Presidential Commission on the need to modernize the banking sector dubbed the Nyirabu Commission. The BOT Act of 1995 was a landmark in Tanzania’s monetary history by adopting a single policy objective, i.e. price stability and moving away from multiple-policy objectives. More radical changes were felt following the repealing of the BOT Act, of 1995, by enacting the BOT Act, of 2006 in 2006 which is the basis of legal framework under which the BOT operates today. In that light of reforms this paper therefore sets forward to expose how the Bank of Tanzania (BoT) is the custodian of the economy of Tanzania as well as the problems that Bank of Tanzania faces in the management of the economy.en_US
dc.identifier.citationMasabo, C. J., 2012. The Bank of Tanzania as the Custodian of the Tanzania Economy: Opportunities and Challenges. Africa Tomorrow, 14(2), 171-186.en_US
dc.identifier.issnISSN 1821-8083
dc.identifier.urihttp://hdl.handle.net/20.500.11810/4539
dc.language.isoenen_US
dc.publisherJordan University Collegeen_US
dc.subjectBoT, Economy, Reforms, Corruption, GDP, Financialen_US
dc.titleThe Bank of Tanzania (BoT) as the Custodian of the Tanzanian Economy: Opportunities and Challengesen_US
dc.typeJournal Article, Peer Revieweden_US
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