EfD Center Director, Dr. Remidius Ruhinduka, was a prominent voice among the panelists during the Tax and Investment Forum 2024. He took the opportunity to stress the importance of including climate change mitigation and adaptation in the country’s development policies and agenda.
The event was organized by the Ministry of Finance at the Julius Nyerere International Conference Centre. It was launched by the Vice-President of the United Republic of Tanzania, Dr. Philip Mpango, who represented Her Excellence Dr. Samia Suluhu Hassan, the President of Tanzania.
Dr. Remidius Ruhinduka was one of the panelists in a high-level panel discussion on Recent economic trends and their impacts on the country’s economy. Other panelists were Dr. Mwigulu Nchemba, the Minister for Finance, Prof. Kitila Mkumbo, the State Minister in the President’s Office for Investment and Planning, Khamis Omar, Tanzania’s ambassador to China, Mbelwa Kairuki, Tanzania’s ambassador to the UK, and Dr. Elsie Kanza, Tanzania’s ambassador to the USA.
During the discussions that featured various global macroeconomic trends and their implication for Tanzania, Remidius Ruhinduka stressed the importance of mainstreaming climate change mitigation and adaptation issues in the development policies and agenda.
“To ensure that our economy is resilient, sustainable, and adaptive to climate change, we need to ensure that our development policies consider this more rigorously. Currently, most of our policies rather reflect on this as a minor cross-cutting issue,” cautioned Remidius Ruhinduka.
“If the country truly wants to promote investments in export-led industries, our investment policies must be designed to encourage environmentally friendly industries. That will guarantee our penetration into international markets.”
He also emphasized the need to have serious policy discussions and reforms that appreciate the advantages and challenges that Artificial Intelligence (AI) brings to the world’s economies, including Tanzania.
The forum was attended by more than 1,000 participants including high-level government officials, private sector representatives, non-government organizations, media representatives, academia, and development partners. It delved into reforms affecting business and investment policies, laws, regulations, and guidelines, all crucial for driving economic growth. The considerations for the 2024/25 budget were at the forefront of discussions.
The Julius Nyerere International Hall buzzed with energy as experts, policymakers, and stakeholders engaged in lively conversations.
By Salvatory
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