Includes bibliographical references (p. 73-74).

Introduction -- Opening up the economy -- Putting public finances on a durably sound footing -- Establishing effective monetary policy and a vibrant financial sector -- Aid, growth, and competitiveness -- Challenges for the future.

In 1985, Tanzania was in severe economic distress, plagued by widespread shortages and high inflation. Twenty years later, inflation has declined to single digits, economic growth has averaged 7 percent per year since 2000, and real per capita income has risen by 50 percent. This report documents this turnaround, the economic policies that contributed to it, and the road ahead because, while much has been achieved, much remains to be done.--Publisher's description.

Also available online.