National Microfinance Policy 2017
Tanzania, United Republic
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The United Republic of Tanzania has been undertaking ﬁnancial sector reforms since 1990s, in which its implementation has gone through the First and Second Generation Financial Sector Reform programmes. The reforms have been geared at liberalizing the ﬁnancial sector, with a view to strengthening the ﬁnancial market structure. Consequently, they have led to signiﬁcant changes in the ﬁnancial sector landscape, including increased participation of microﬁnance service providers. The development of the ﬁnancial system is predicated on the ﬁnancial stability of the country notably the stability of microﬁnance system. To this end, the Government is committed to put in place sound macroeconomic fundamentals which will ensure ﬁnancial stability by creating a conducive business environment, legal and regulatory framework that will entail development of a vibrant ﬁnancial sector, of which the microﬁnance is a part. The sustainable growth of the microﬁnance sub-sector will immensely contribute to the generation of employment and raising the incomes of the low-income population.
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