United Republic of Tanzania: Fourth Review Under the Extended Credit Facility Arrangement and First Review Under the Resilience and Sustainability Facility Arrangement -Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania

International Monetary Fund

No 2024/349, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents IMF’s Fourth Review under the Extended Credit Facility (ECF) Arrangement and First Review under the Resilience and Sustainability Facility (RSF) Arrangement for Tanzania. Economic growth momentum is picking up in 2024 with improved external and fiscal balances, low inflation within the central bank’s target, and easing pressures in the foreign exchange market. Tanzania’s economic reform program supported by the ECF arrangement remained on track. Structural reforms are essential to promote private sector development and inclusive, resilient, and sustainable growth. Business reforms should focus on removing obstacles to foreign investment, simplifying the regulatory regime, enhancing governance and regulatory transparency, and improving public policy predictability. The authorities are committed to continue implementing reforms to preserve macro-financial stability, promote sustainable and inclusive growth, advance structural reforms, and address the risks and challenges associated with climate change, supported by the ECF and RSF arrangements.

Keywords: IMF-World Bank; ECF arrangement; interest rate; IMF RSF; ECF program; Trade balance; Credit; Arrears; Global (search for similar items in EconPapers)
Pages: 110
Date: 2024-12-18
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