ABSTRACT
Tanzania has pursued economic reforms under the auspices of the Bretton Woods Institutions (BWI) since 1986. The results so far are mixed. Positive economic growth has been restored, although per capita incomes still grow at a very slow pace; far-reaching deregulation has taken place in markets for food and cash crops, financial services and social sector inputs; the public sector has been slimmed with a retrenchment of some 50,000 civil servants being finalized in 1995; exchange rates have been unified and the value of the shilling is now determined on a day-to-day basis in an interbank market; and a large share of the notorious parastatal sector-a major source of economic instability and inefficiency in the past-has been removed from government control, via privatisation, liquidation and various lease agreements.
