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- Aug 28, 2017
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Shirika la fedha duniani(IMF) limeidhinisha msaada wa dola milioni 620 kusaidia bajeti za nchi za Tanzania, Rwanda na Congo ikiwa ni sehemu ya dola bilioni 1.9 watakazotoa kama msaada wa kibajeti kwa nchi sita.
Nchi nyingine ni Kenya, Somalia na Burundi.
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The International Monetary Fund (IMF) board has approved the payment of $620.65 million in budgetary support for Rwanda, Tanzania and the Democratic Republic of Congo (DRC) as part of the $1.92 billion financing commitments which the Washington-based institution agreed with six East African nations in the past six months.
The deals have come as a relief for the six countries (the others are Somalia, Burundi and Kenya), which are saddled with debts, a situation made worse by falling revenue collections, declining forex reserves and depreciating currencies.
The IMF funding, which is pegged on the implementation of key socioeconomic and governance reforms by the recipient countries, is aimed at helping them deal with the persistent budget deficits and shore up the flagging foreign exchange reserve positions.
SOURCE: The East African
Nchi nyingine ni Kenya, Somalia na Burundi.
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IMF relieves EA’s indebted states with $1.9b financing deals
The International Monetary Fund (IMF) board has approved the payment of $620.65 million in budgetary support for Rwanda, Tanzania and the Democratic Republic of Congo (DRC) as part of the $1.92 billion financing commitments which the Washington-based institution agreed with six East African nations in the past six months.
The deals have come as a relief for the six countries (the others are Somalia, Burundi and Kenya), which are saddled with debts, a situation made worse by falling revenue collections, declining forex reserves and depreciating currencies.
The IMF funding, which is pegged on the implementation of key socioeconomic and governance reforms by the recipient countries, is aimed at helping them deal with the persistent budget deficits and shore up the flagging foreign exchange reserve positions.
SOURCE: The East African