Tanzania: Seventh Review Under the Policy Support Instrument, Second Review Under the Exogenous Shocks Facility, and Request for a New Three-Year Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tanzania

International Monetary Fund

No 2010/173, IMF Staff Country Reports from International Monetary Fund

Abstract: Monetary and fiscal easing, together with specific interventions under the Economic Rescue Plan, helped contain the immediate impact of the global crisis, but private sector recovery remains nascent. Inflation, persistently high during 2009 owing to large increases in food prices, has declined to single-digit levels. Revenues continue to underperform relative to the budget, resulting in a modest scaling back in expenditure to limit deterioration of the fiscal deficit. Monetary policy has produced a low interest rate environment, but private sector credit growth has slowed sharply.

Keywords: ISCR; CR; monetary policy; access ESF arrangement; debt; IMF Executive Board; investment; growth strategy; IMF's framework; price inflation; fuel price; Credit; Public and publicly-guaranteed external debt; Global; Africa; East Africa (search for similar items in EconPapers)
Pages: 84
Date: 2010-06-23
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