The economic reforms of the 1990s highlighted the lack of long-term funding as it was not offered by any of the commercial and financial institutions operating in Tanzania at the time. The Government of Tanzania therefore re-designated TIB as a Development Finance Institution (DFI) in 2005 to provide affordable development financing for an inclusive, diversified, vibrant and competitive national economy. The bank has completed the process of transformation into a DFI with an engagement focus centred primarily on infrastructure, industrialization, oil gas, mining, agriculture, tourism, and the services (Health and Education) sector.
The collaboration results will feed into the review of the five-year plan 2021-2025 and allow incorporating gender aspects in the planning process.
Objective
The ICR Facility is providingtailor-made technical assistance to TIB to strengthenitsinternal gender operations and client-facing gender-lens investing activities, ultimately to better servewomen-led MSMEs with improved access to finance.
Expected Results
Upon completion of this intervention, TIB will have:
Conducted an institutional gender assessment
Developed a gender policy, gender strategy, and action plan
Amended the existing M&E framework to become gender-responsive
Better overview of international funding opportunities
Equipped staff members with capacity building on the revised M&E system