UDSM-WB Seminar: 'State of the Global Economy, Key Concerns & Implications for Africa' - A talk by Dr Felipe Jaramillo

UDSM-WB Seminar: 'State of the Global Economy, Key Concerns & Implications for Africa' - A talk by Dr Felipe Jaramillo

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February 26, 2018
University of Dar es Salaam (UDSM)
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UDSM-WB Seminar: 'State of the Global Economy, Key Concerns & Implications for Africa' - A talk by Dr Felipe Jaramillo

Source: JamiiForums

Investments of about 25% of GDP are needed across [HASHTAG]#Africa[/HASHTAG] incl. [HASHTAG]#Tanzania[/HASHTAG]. These require improving investment climate, strengthening institutions & investment in human capital - Felipe Jamarillo.

The resource rich economies have grown more slowly compared to the non-resources rich countries, who continue to post strong growth above 5% incl [HASHTAG]#Tanzania[/HASHTAG] - Felipe Jaramillo.

Tanzania's growth cannot be discussed in isolation from trends in global economy; 42% of its GDP comes from trade and business services - Bella Bird, WB Country Director.

Even in high growth performers including Tanzania , we are having challenges of inclusiveness. What sectors are driving growth? Are economies transforming? Why aren't they? - Prof S. Wangwe.

Prof Andrew Temu- speaking on [HASHTAG]#Industrialization[/HASHTAG] Case Study [HASHTAG]#Tanzania[/HASHTAG] Edible oil in [HASHTAG]#Tanzania[/HASHTAG]- constitutes the 2nd highest import commodity..why can’t we support SMEs to get in production?

Agriculture is a key sector, supplies raw materials 4 industries yet it remains starved of lending. Need to facilitate movement of finance to this sector- Prof Temu

All things said, some things only need us to get our acts right - for example regarding our notorious cross border trade barriers for example in the grain sector - Prof. Andrew Temu

We have huge infrastructure gaps that need huge resources to fill. Yet concessional borrowing is going down and commercial borrowing is too costly - Dr S. Likwelile [HASHTAG]#Tanzania[/HASHTAG] UDSM Seminar

It seems that the challenge of diversification of our economies has remained a constant song from way back in the 60s, never taking shape - Prof Samuel Wangwe.
 
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