Africa-Press – Tanzania. DAR ES SALAAM: THE President’s Office – Planning Commission has introduced an economic advisory team that will work for the next three months to develop the new Macroeconomic Policy Framework.
The team was unveiled by the President’s Office – Planning Commission Executive Secretary, Mr Lawrence Mafuru, at a public lecture held in Dar es Salaam recently.
Chief Economist at Oxford Policy Management, Dr Stevan Lee, facilitated a public lecture to kickstart the process of developing the new Macroeconomic Policy Framework.
The National Macroeconomic Policy System, established on April 25, 2024, aims to improve the management of the national economy by setting parametres, goals, and new strategies to be used by different actors, including decision-makers and sector implementers in a planned and coordinated way.
“This work comes almost 20 years since the last Macroeconomic Policy Framework of 2005/06 – 2007/08 was created, and is envisioned to be a new stepping stone for sustainable economic growth in Tanzania in line with the Vision 2050 that is currently under development.
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“The National Macroeconomic Policy Framework, which kickstarted on April 25th, 2024, aims to improve national economic management by setting up new parameters, goals and strategies to be used by different actors, including sector decision-makers and implementers in a structured and coordinated manner,” said Mr Mafuru.
The Economic Advisory Team, which includes stakeholders from various sectors, will assist the Planning Commission in preparing a new Macroeconomic Policy System in time.
“The Tanzania Macroeconomic Policy Framework development process is being spearheaded by the Tanzania President’s Office Planning Commission, which has the mandate to oversee the formation of national long-term and short-term development plans and visions, conduct periodic assessments of key economic variables, assess the performance of existing national policies, and strengthen the formation and implementation of new policies,” Mr Mafuru said.
The Zanzibar Planning Commission Executive Secretary, Dr Rahma Salum, said the Macroeconomic Policy Framework will help to have a policy that can integrate economic indicators and help plan the direction of the country.
“Since we are in the process of developing the 2050 vision, we should find tools that will help us to reach the goals of 2050,” said Ms Salum. Ms Salum noted that since there are major technological changes in the world and climate change, it is important to set the indicators well in order to be able to achieve the goals they set for themselves.
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