Green financing to boost Vision 2050 implementation
DAR ES SALAAM: SUSTAINABLE environmental management has been highlighted as a key driver in Tanzania’s push to achieve its Development Vision 2050, with a strong focus on conservation and climate resilience.
The Permanent Secretary in the Vice-President’s Office, Dr Richard Muyungi said this during a meeting with a delegation from the Green Climate Fund (GCF), led by Senior Investment Officer for Climate Change, Mr Mihir Sorti in Dar es Salaam.
Dr Muyungi stressed that environmental conservation and climate resilience form the third pillar of the Vision, underscoring the importance of sustainable use and effective management of natural resources, including biodiversity, water resources and wetlands.
He noted that strengthening collaboration between the government, GCF and the private sector is crucial in boosting investment in green projects, promoting innovation and enhancing the use of technology.
“Such cooperation will increase access to climate finance and enable Tanzania to realise its ambition of becoming a one trillion US dollar economy by 2050,” he said.
Dr Muyungi further revealed that the private sector is expected to contribute about 70 per cent to the implementation of the National Development Vision 2050, launched by President Samia Suluhu Hassan.
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He stressed the need to enhance private sector participation in the implementation of the Vision, which is anchored on three key pillars.
The first pillar focuses on building a strong, inclusive and competitive economy that creates opportunities, reduces poverty and improves the living standards of all citizens.
The second pillar centres on human capacity and social development, aiming to strengthen people’s capabilities and promote social wellbeing, while advancing gender equality and inclusivity. It also encourages the use of effective approaches that uphold good values, build self-confidence and promote lifelong learning.
Tanzania has continued to register steady economic growth, averaging 6.2 per cent annually over the past two decades, a trend expected to support the attainment of the Vision’s goals.
Meanwhile, the GCF delegation visited Tanzania from August 11 to 14, 2026, engaging with various stakeholders in climate finance in Simiyu Region and Dar es Salaam.
