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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

High-level Generation Equality Africa Regional Meeting concludes with strong commitments on financing for gender equality

Tanzania has committed to the Generation Equality Initiative and made significant progress under the Action Coalition on Economic Rights

Held in Dar es Salaam, Tanzania, the High-level Generation Equality Africa Regional Meeting brought together Ministries of Finance and Ministries of Gender and their technical teams, representing 21 African countries; Officials expressed resolute commitments towards accelerating financing for gender equality, in line with the Generation Equality commitments; Participants underscored the…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Reaches Staff-level Agreement with Tanzania on Second Review of the Extended Credit Facility

The arrangement was approved by the IMF Executive Board on July 18, 2022, for a total amount of SDR 795.58 million (US$1.046 billion at that time)

The Tanzanian authorities and IMF staff have reached a staff-level agreement on economic policies to conclude the second review of Tanzania’s 40-month Extended Credit Facility (ECF); The unfavorable global economic environment and shortfalls in rainfall stalled Tanzania’s recovery from the pandemic. External and domestic conditions have put pressure on the…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Deputy Managing Director Bo Li at the Conclusion of His Visit to Tanzania

IMF staff will continue the dialogue with the authorities on how the authorities can strengthen their policies and implementation capacity

Mr. Bo Li, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Dar es Salaam at the conclusion of his visit to Tanzania: “I wish to thank Vice President Dr. Philip Isdor Mpango, Minister of Finance Dr. Mwigulu Nchemba, Bank of Tanzania Governor Emmanuel…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Reaches Staff-Level Agreement on the First Review of the Extended Credit Facility and Conducts the 2023 Article IV Consultation with Tanzania

This staff-level agreement is subject to IMF management approval and IMF Executive Board consideration

The authorities’ reform program aims at strengthening the economic recovery, preserving macroeconomic stability, and supporting structural reforms toward sustainable and inclusive growth; Key policy actions of the reform program focus on strengthening fiscal space to allow for much needed social spending and high-yield public investment, advancing structural reforms to create…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

IMF Executive Board Approves US$567.25 Million in Emergency Support to Tanzania to Address the COVID-19 Pandemic

Tanzania’s economic outlook has deteriorated due to the impact of the COVID-19 pandemic

The COVID-19 outbreak has led to the collapse of the tourism sector and amplified the need for significant financing to tackle the health and economic effects of the pandemic; The IMF approved US$567.25 million in emergency financial assistance under the Rapid Credit Facility and Rapid Financing Instrument to support the authorities’…