Roving Journalist
JF Roving Journalist
- Apr 18, 2017
- 2,802
- 11,961
The International Monetary Fund (IMF) has given Tanzania $ 567.25 million equivalent to approximately Tsh. 1.315 trillion to combat the effects of # COVID19 which has significantly affected the Tourism and Health sector -
The Government of Tanzania is committed to strengthening good governance and transparency to ensure that financial resources are used effectively in the fight against this scourge.
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’ efforts in responding to the pandemic by addressing the urgent health, humanitarian, and economic costs.
The resources are also expected to play a catalytic role in their efforts to mobilize additional support from development partners.
The authorities also commit to strengthening governance and transparency to ensure that the financial resources are efficiently spent on addressing the crisis.
The Government of Tanzania is committed to strengthening good governance and transparency to ensure that financial resources are used effectively in the fight against this scourge.
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’ efforts in responding to the pandemic by addressing the urgent health, humanitarian, and economic costs.
The resources are also expected to play a catalytic role in their efforts to mobilize additional support from development partners.
The authorities also commit to strengthening governance and transparency to ensure that the financial resources are efficiently spent on addressing the crisis.
