IFM inaugurates PhD program with zeal to cope with global challenges

1,139

DAR ES SALAAM: HIGHER Learning Institutions have been required to continue to be innovative in order to respond to national and international challenges and increase the ability to solve the challenges that arise in the process of promoting the country’s economy.

This has been explained by the Deputy Minister of Finance, Laurent Luswetula during the Inauguration of the Doctoral Degree Program (PhD), of the College of Financial Management (IFM), held in Dar Es Salaam.

He noted that it is good for research experts to continue doing research that will contribute to solving real challenges in various areas including, financial inclusion, investment and economic growth, public sector efficiency, digital change and climate resilience.

“The government recognizes the important role of higher education institutions in bringing about economic change through the production of human resources, strengthening research capacity, and promoting creativity.

ALSO READ: IMF hails Tanzanian cooperation in implementing economic reforms under ECF programs

He explained that the Government clearly recognizes the research and development of science and technology and Digital Transformation as important criteria for national change with the aim of increasing investment in research and development, so experts who will gain knowledge in these financial matters will help the Government to bring about economic development.

“If you look at the Vision 2050 that we are talking about a lot, we have already started and in order to be implemented, it means we need people with great understanding to go directly with them, so we believe that the challenges that these students are now going to solve in the community are also going to help the implementation of our Development Vision 2050,” said Luswetula.

For his part, the Chairman of the Governing Council of IFM College, Prof Emmanuel Mjema, explained that the College has continued to focus on the goal of its establishment while explaining the importance of education on financial issues.

“You know that financial education is needed in all institutions, people think of financial education, they think maybe it is banks and only the Central Bank, but financial education is needed everywhere. so it means that most of the financial experts you see are from IFM” said Prof Mjema.