Word: mkapa
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...literacy rate was among the highest in Africa. But by the mid-1980s, Tanzania's economy was flat-lining, with hyperinflation, huge budget and trade deficits, and massive dependence on foreign aid. Today, after 15 years of IMF-imposed structural adjustment, administered most effectively since 1995 under President Benjamin Mkapa, Tanzania has "made great progress in getting its macroeconomic situation in order," says James Adams, the World Bank director for the country. Inflation has fallen below 7%, and the GDP is growing 4% a year; European sedans glide through the streets of the capital, Dar es Salaam, and imported goods...
...have been made more gently, but it had to happen. The old system was unsustainable. But now, finally, we're at the starting gate--Tanzania is ready to build on its progress." The World Bank and IMF announced a $2 billion debt-forgiveness package for Tanzania last week, but Mkapa moved quickly to make sure his people didn't get their hopes up. He announced that the benefits of debt relief won't be felt until late 2001 and added, "We have to continue tightening the belt...
Before entering politics, Mkapa worked as a journalist, holding prominent positions in several publications, and was a founder of a national news agency...
Prior to his presidency, Mkapa served as minister of foreign affairs; information and culture; information and broadcasting; and science, technology and higher education. In the early 1980s, he was ambassador to the U.S. He was elected the country's president...
...Mkapa's talk was co-sponsored by the Center for International Development (CID) and the Institute of Politics' student advisory committee...