Nurturing Industrialization for Economic Transformation and Human Development

Abstract

The Second Five Year Development Plan (FYDP II) 2016/17 – 2020/21 takes into account the integration of the Five-Year Development Plan (FYDP) and the National Strategy for Growth and Reduction of Poverty (NSGRP/MKUKUTA) planning frameworks. The theme of FYDP II “Nurturing Industrialization for Economic Transformation and Human Development” incorporates the main focus of the two frameworks, namely growth and transformation (FYDP) and poverty reduction (MKUKUTA). The FYDP II outlines new interventions to enable Tanzania industrialize in a way that will transform its economy and its society. It also outlines interventions carried over from predecessor plans, - FYDP I and MKUKUTA that are deemed critical for the aspiration of FYDP II goals. More importantly, and in tandem with the two predecessor Plans, FYDP II also implements Tanzania’s Development Vision (TDV) 2025 which aspires to have Tanzania transformed into a middle income, semi industrialized nation by 2025. The also Vision outlines five attributes to characterize Tanzania in 2025: (i) high quality livelihoods; (ii) peace, stability and unity; (iii) good governance and the rule of law; (iv) an educated and learning society; (v) a strong and competitive economy.