Money Management in Ndc - the National Development Corporation

Abstract

According to the Arusha declaration money is scare in Tanzania. While the declaration dismisses the idea that money is the crucial factor for development, many people both in and outside Tanzania consider the scarcity of money to be a high hindrance to development. If money is not the crucial factor, the resources available in the country are certainly crucial. Yet, there are Institutions like NDC which must use money, considered scarce but not crucial, to acquire resources to achieve stated objectives. These issues make the debate on money a hot one, and stirs up an interest to look into money management in Tanzania, which is the subject of this paper.