Local Investment Climate (LIC) is one of the engagements of the fourth phase of the Business Sector Programme Support (BSPS IV). Other engagements are: Agricultural Markets Development Trust (AMDT), BEST-Dialogue, PASS Trust, Financial Sector Deepening Trust (FSDT) and Twinning arrangement of the Confederation of Tanzania Industries (CTI) and Danish Industries (DI).
LIC, AMDT and CTI/DI are new engagements in the BSPS IV and the rest is the continuation from BSPS III.
LIC desires to see by 2019 that
(i) LGAs have taken on the responsibility for local implementation of reforms for business registration and land use. That they have gained understanding of why a good investment climate is essential for development and acquired the capacity, new skills and revised approaches and methods to help create a good investment climate.
(ii) The business community on its side will be better informed, organised and have significant business growth and new opportunities as local key obstacles have been removed.
(iii) The two parties are able to conduct a structured and evidence based dialogue on LIC obstacles and how to remove them.
(iv) LIC will have locked a good part of business potential in Dodoma and Kigoma, triggered a tangible increase in investment, growth and employment but also as a model for other regions in Tanzania.