Daudi ballali biography of william hurt

Daudi T. How have such results been achieved? Daudi Ballali — Bank of Tanzania: We have pursued a very tight monetary policy which has been sustained by a thigh fiscal policy. In , the budget debt was very important while now the budget is balanced. Also, the acquired independence of BOT helped.

Daudi ballali biography of william hurt: Construction worker by day. Martial artist

Although BOT was already highly respected by the Government and its opinion has always mattered in Tanzania from the beginning, true independence only came with the Bank of Tanzania Act of For example, to make sure that the government is expending according to plan, every month BOT has to confirm that the intelligence of the Ministry of Finance is consistent with the resources that are available.

DB: We worked together with the government to select key sectors that can inspire faster growth. For this purpose, when President Mkapa came into power in , he immediately ordered the revision of the mining law. The new Mining Act came into operation in early and all the big mining companies around the world were invited to an international conference held in Arusha for its presentation.

Since the introduction of this new investment law, gold has become the major export in Tanzanian economy.