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ReGrow Project Appraisal Document

The United Republic of Tanzania has had robust macroeconomic performance in the past 15 years, with Gross Domestic Product (GDP) growing annually at an average of 6.5 percent. GDP per capita (current US$) increased from US$307 in 2000 to US$879 in 2016.1 Tanzania’s assets provide unique economic opportunities compared to other African countries: as a coastal economy bordering eight countries, six of which are completely or partially land-locked, it has a strong advantage in terms of its location to be a regional hub; it is endowed with rich and diverse natural resources, both renewable and non-renewable, providing the basis for current and future economic development and people’s livelihood; and it has enjoyed decades of socio-political stability.