Nchi Kavu
JF-Expert Member
- Sep 11, 2010
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Tanzania received debt relief amounting to $3 billion in 2001 thorough the Heavily Indebted Poor Countries (HIPC) Initiative.
Coupled with improved revenue collections and reduced government expenditure the total debt stock decreased from $10 billion in 2006 to $6 billion in 2007. But as revenue started falling due to the power crisis of 2006 the debt stock started increasing from $7.5 billion in 2008 to the current levels.
nashindwa kushangaa. Yaani huyu rais...