Achieving the goals outlined in Tanzania’s Third National Five Year Development Plan (FYDP III) is estimated to cost $49.6 billion. Financing this plan is no easy feat and will require mobilizing public and private finance from a diverse range of sources.
The INFF process in Tanzania, which started with a Development Finance Assessment (DFA), is helping the government to address key financing challenges and seize new opportunities. As part of the process, the government drafted an Integrated National Financing Strategy for FYDP III. This marked the first time the government developed a national development plan and a financing strategy at the same time – a significant step forward in aligning planning and financing processes within government.
The INFF is also paving the way for the private sector to play a greater role in financing the development agenda. By establishing new platforms for dialogue and broadening the range of financing instruments, the government is creating a bridge between the public and private sector.