Tanganyika - The economy

RESTRICTED t20 be G .|i3 i'.tReport No. AF-3a This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION THE ECONOMY OF TANGANYIKA December 18, 1962 Department of Operations Africa  CURRENCY EQUIVALENTS 100 EA cents = 1 EA shilling = U.S. $0. 14 20 EA shillings = L 1 sterling = U. S. $2. 80 L 1 million sterling = U. S. $2. 8 million U.S. $ E EA shilling 7. 15 U.S. $1 nmillion = 1E 357, 143  CONTEITS Page Basic Data Charts Sunmary and Conclusions I. THE COUNTRY AND ITS PEOPLE ........................ 1 II. THE POLITICAL CONTEXT .................. ......... ... 2 III. STRUCTURE AND GROWTH CF THE ECONOMY . . . 7 Recent Economic Growth..................... .Po* 7 Principal Economic Sectors,.....* ......... 10 Agriculture .... 0 10 Mlining .......... ... ... ... *.. .. 13 Manufactures ...... a ........ * . . . . ...,, 1l Transportation .... .... .. . . 15 Power.. . . . ... V. * .. .. ..09............ .. 16 Education ............ so . ..........* a ...... 17 Public Administration......... ......... ..... 17 IV. FINANCE ANDDEVFELOPMENT PLANNING ..... 18 Noney and Banking .......... ...........,* 18 The Budget .............. .. ** . 20 Development P l ann ......... 24 V. EXTERNAL TRADE & BALANCE OF PAYrENTS . . 29 Trade Policies ......... . ..................... . . 31 VI. ECONOMIC PROSPECTS AND CREDITORTHINESS ........... 32 Production Growth ............... , 32 Budget, Plan and Investment Effort . ..... 35 Balance of Payments .... ....... . ....... * 36 Conclusions.e ...~~~........... 37 Statistical Tables 1 to 24 %aps - 1. General Map 2. Rainfall and Population 3. Transportation Network  BASIC DATA Area: 362,000 square miles. Population (June 1962): 9.5 million, increasing at 1.8% o.a. Africans - 98.5%: Asians & Arabs - 1.3%: Europeans - 0.2% Gross Domestic Product Per Head (1961): U.S. ,156 (at factor cost, including subsistence sector) External Public Debt (December 31, 1961)1/: