The Korea Deposit Insurance Corporation (KDIC) has had ties with the Deposit Insurance Board (DIB) of Tanzania since 2009. In November 2010, the DIB applied for the 2011 Knowledge Sharing Program (KSP) and asked the Korean government and the KDIC to provide assistance for the establishment of an independent deposit insurance agency. To successfully implement the project, the KDIC put together the Global-KDIC KSP team and organized meetings and discussions within and outside the organization to carry out the project in a more effective and efficient manner.
After deciding how to implement the project, the KDIC conducted a demand survey and a pilot study. The results were reported at an interim reporting workshop
followed by training for policy practitioners. The final reporting session was held in January 2012, along with a senior policy dialogue, in which the KDIC provided policy consultation regarding how Tanzania would build a deposit insurance system that matches the country’s circumstances, and laid out a roadmap for future development. During the 2011 KSP, a working group of local consultants was formed for the improvement of deposit insurance system in Tanzania and the working group members received training from the KDIC. It is expected that the working group will play a leading role in creating an independent deposit insurer in Tanzania.
Modernization of deposit insurance system in Tanzania
|Project Category||Consulting Programs|
Seoul:Korea Development Institute
|Series Title; No||Knowledge Sharing Program|
|Subject||Official Aid < Economic Infrastructure|
|Holding||KDI; KDI School|
|Recipient Country Org.||Bank of Tanzania(Deposit Insurance Board of Tanzania) Ministry of Finance|
|Donor Country||South Korea(Asia and Pacific)|
|Supervisor||Korea Development Institute|
|Organizer||Korea Deposit Insurance Corporation|
|Sponsor||Ministry of Strategy and Finance|
|Project Term||2012-01-01 ~ 2012-12-31|