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United Republic of Tanzania: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper discusses the potential fiscal impact of a large-scale gas project and explores aspects of macro-fiscal management of the associated revenue flow. The chapter also provides background and context focusing on recent offshore natural gas discoveries. The paper also describes features of the current petroleum fiscal regime in Tanzania and will present tentative simulations of the fiscal impact of a potential gas project. A string of natural gas discoveries in Tanzania’s deep offshore waters have generated considerable expectations. The outlook for natural gas in Tanzania is positive, albeit still highly uncertain. If major revenues are obtained and put to fruitful use, they could have a transformational impact on the economy. At the same time, expectations need to be tempered by the remaining uncertainty about the eventual size of the gas resources; no company has yet made a final investment decision involving the deep offshore gas reserves. This uncertainty will hopefully diminish in the next few years.

Suggested Citation

  • International Monetary Fund, 2014. "United Republic of Tanzania: Selected Issues," IMF Staff Country Reports 2014/121, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/121
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41560
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    Cited by:

    1. Cappelen, Alexander W. & Fjeldstad, Odd-Helge & Mmari, Donald & Sjursen, Ingrid Hoem & Tungodden, Bertil, 2021. "Understanding the resource curse: A large-scale experiment on corruption in Tanzania," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 129-157.
    2. Ivar Kolstad & Abel Kinyondo, 2017. "Alternatives to local content requirements in resource-rich countries," Oxford Development Studies, Taylor & Francis Journals, vol. 45(4), pages 409-423, October.
    3. Mihalyi,David & Scurfield,Thomas, 2020. "How Did Africa's Prospective Petroleum Producers Fall Victim to the Presource Curse ?," Policy Research Working Paper Series 9384, The World Bank.

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