Media Wire Express Correspondent
The Director of Tanzania’s Public-Private Partnership (PPP) Centre, David Kafulila, has stated that the strength of a nation’s economy cannot be measured solely by the value of its currency, but rather through a comprehensive assessment of all key indicators of production and international trade.
Speaking during a national dialogue on the role of partnerships in achieving Tanzania’s Vision 2050, Kafulila explained that the economy should be seen as “a basket containing various products.”
These products, he noted, include imports and exports, as well as domestic productivity.
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“For instance, the United States contributes about 25% to the global economy, yet its currency ranks only 10th in terms of value. This clearly shows that you cannot assess a country’s economy by simply tracking changes in its currency,” Kafulila said, in response to a point raised earlier by Dr. Mmari during the forum.
He further emphasized that the Tanzanian shilling may rise or fall due to various economic and geopolitical factors, but those shifts are not a direct measure of the economy’s strength or weakness.
The dialogue was convened to explore how collaboration between the government and the private sector could serve as a driver for the realization of the country’s Vision 2050. It attracted economists, policymakers, government officials, and private sector representatives.
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