IMF warns Tanzania of downside economic growth risks!

[article]

The International Monetary Fund has warned Tanzania that the country's economic policies threaten its forecast for growth in fiscal year 2016/17 (July-June) of around 7 percent.

President John Magufuli promised when he was elected last year to reform an economy hobbled by red tape and corruption and begin a programme to develop public infrastructure. But the IMF said progress has been slow and lack of public spending is curtailing liquidity.

"There are risks that could adversely affect economic growth going forward, arising from the currently tight stance of macroeconomic policies, the slow pace of credit growth that may become protracted, slow implementation of public investment, and private sector uncertainty about the government’s new economic strategies," the IMF said late on Monday in its latest review.

Tanzania projects growth of 7.2 percent for 2016, up from 7.0 percent in 2015, led by mining, telecoms, construction and financial services.

"Monetary policy should be eased to address the tight liquidity situation and support credit to the private sector," said the IMF.

Tanzania's economy grew 6.2 percent in the third quarter of 2016, compared with 6.3 percent in the same quarter of 2015.

Source: IMF warns Tanzania of downside economic growth risks

 

[Massenberg]

Ufahamu wa kusimamia uchumi aliupata wapi mpaka uchumi uweze kukua?
Hii ni nchi siyo kamati ya harusi ambayo mwenyekiti mnoko anaiendesha atakavyo.

 

[Erythrocyte]

Mungu wabariki wazungu .

 

[Wed]

Haya Bana. sitashangaa wakija akina fulani hapa kukanusha hali mbaya ya Uchumi Tanzania na hata kuituhumu IMF kuwa ni WACHOCHEZI

 

[Ngushi]

Hivi si kuna miezi michache imepita hawa hawa walisema uchumi unakua kwa kasi!

 

[saimon111]

Thread kama hii lumumba hautowakuta

 

[MsemajiUkweli]

IMF Executive Board Completes the Fifth Review Under the Policy Support Instrument for Tanzania

January 9, 2017

Most program assessment criteria and indicative targets were met, though implementation of structural measures lagged

Recent economic performance has been strong with high growth, moderate inflation, and a narrowing of the external current account deficit

Authorities should ease the current tight stance of macroeconomic policies and redouble reform efforts to achieve targets in the medium-term development plan

On January 9, 2017, the Executive Board of the International Monetary Fund (IMF) completed the fifth review of Tanzania’s economic performance under the program supported by a three-year Policy Support Instrument (PSI). [1] The Board’s decision was taken on a lapse of time basis. [2]

In completing the review, the Board also granted waivers for the non-observance of the end-June 2016 assessment criteria on the overall fiscal deficit and the non-accumulation of domestic expenditure arrears on the grounds that the slippages were minor. The PSI for Tanzania was approved by the Board on July 16, 2014 (see Press Release No. 14/350).

Tanzania’s macroeconomic performance remains strong. Economic growth was robust during the first half of 2016 and is projected to remain at about 7 percent this fiscal year. Inflation came down below the authorities’ target of 5 percent and is expected to remain close to the target, while the external current account deficit was revised down on account of lower imports of capital goods. Nevertheless, there are risks that could adversely affect economic growth going forward, arising from the currently tight stance of macroeconomic policies, the slow pace of credit growth that may become protracted, slow implementation of public investment, and private sector uncertainty about the government’s new economic strategies.

Program performance was broadly satisfactory and most assessment criteria for June 2016 and all indicative targets for September 2016 were met. While progress in structural reforms identified under the program has been generally slow, the authorities have recently stepped up efforts to advance them. These include measures taken to strengthen public financial and debt management, modernize the monetary policy framework, and improve monitoring of parastatal enterprises. The authorities have committed to further reforms in these areas.

The current tight macroeconomic conditions should be addressed by loosening the short-term policy stance, in line with program targets. After recording a small fiscal surplus in July-September, the government is committed to stepping up budget implementation, particularly in public investment, including by mobilizing external financing. Monetary policy should be eased to address the tight liquidity situation and support credit to the private sector. The Bank of Tanzania’s steps in this regard are appropriate, but will need to be fine-tuned when the planned fiscal spending materializes. The increase in international reserves recorded since the beginning of the fiscal year is a welcome step to gradually rebuild buffers.

The authorities are implementing an ambitious development and reform agenda over the medium term, as described in their recently-released second Five-Year Development Plan. The strong drive against corruption and tax evasion has led to higher fiscal revenues, which, if sustained, will provide a good foundation for the envisaged scaling up of infrastructure investment, starting with the 2016/17 budget. The Plan also envisages a significant structural transformation of the economy by nurturing human development. Full involvement of all stakeholders in policy design and implementation—including importantly the private sector—will be crucial.

[1] The PSI is an instrument of the IMF designed for countries that do not need balance of payments financial support. The PSI helps countries design effective economic programs that, once approved by the IMF's Executive Board, signal to donors, multilateral development banks, and markets the Fund's endorsement of a member's policies (see The Policy Support Instrument (PSI) ). Details on Tanzania’s PSI program are available at www.imf.org/tanzania.

[2] The Executive Board takes decisions without a meeting when it is agreed by the Board that a proposal can be considered without convening formal discussions.

IMF Communications Department
MEDIA RELATIONS

PRESS OFFICER: ANDREW KANYEGIRIRE
PHONE: +1 202 623-7100EMAIL: MEDIA@IMF.ORG

 

[lidoda]

Hawa wazungu wanataka "kumjaribu raisi wetu" Kesha sema msinidrivu.

Na hizo "fyoko fyoko" zenu mziache huko huko. Waziri wetu wa Mipango kasema uchumi wetu unakua kwa kasi sana. Yule wa viwanda kasema kuna viwanda zaidi ya elfu 50.

Kweli hawa wazungu wametumwa na "ukawa".

 

[kichomiz]

Itafahamika tu muda si mrefu

 

[Nicholas]

Na mapato ya ndani yalitokana na fine za wakwepa kodi ukifuatiwa na msimu wa kodi, na leseni.

 

[Inshiyetu]

Uchumi utakuwa kwa kasi kubwa sana, baadae. Hali hii inayoonekana sasa ni kweli, sababu tupo kwenye mabadiliko. Pesa zinatoka kwa wachache kwenda kwa wengi. Yaani, huduma zinapelekwa kwa jamii.

Kuhamia Dodoma ndio kuta push hata mikoani kutakuwa na ungezeko la uchumi. Dodoma ni katikati ya Tanzania na from Dodoma co-ordinations zitawezekana kwenda pande zote hata mpaka Chato na Kilimanjaro, Kenya na Yuganda, Malawi hadi Rwanda na Ulaya, India na Venezuela hadi kwa Trump tutashirikiana nao yaani toka huko Idodomya, Tanzania.

Tusiogope Watanzania, mambo ndio yameanza tu majuzi juzi. MUNGU aliumba Dunia kwa siku saba, hadi sasa matekenolojia yanaendelea kuumbikaga. Sasa na hii Selikali yetu pia itafanyaga uchumi wetu ku progressigi. Tuna gas, tuna madini na makampuni yake, tuna vifaru na wanyama kibao, tuna ardhi tena ya kijani, mvua ndio ameanza kunyeshaga. Mamito ya maji, maziwa hadi Bikitoria, masamake. Utajiri wote huo wajameni.

Angalizo: Tuji control tuwe na population ndogo ndio tunaweza kujimudu. Sasa watu tunaongezeka kwa haraka hapo ndipo tutakosa kujiendesha na uchume utadodora mwana wane. Too muchi is harmufulu.

Angalieni tu musinitukane mie.

 

[BAK]

Hakuna mdororo wa uchumi~Mpango

 

[Leak]

Haya Bana. sitashangaa wakija akina fulani hapa kukanusha hali mbaya ya Uchumi Tanzania na hata kuituhumu IMF kuwa ni WACHOCHEZI

umeelewa kilicho andikwa?

 

[miss chagga]

uchumi wetu unapaa

 

[Nicholas]

Uchumi utakuwa kwa kasi kubwa sana, baadae. Hali hii inayoonekana sasa ni kweli, sababu tupo kwenye mabadiliko. Pesa zinatoka kwa wachache kwenda kwa wengi. Yaani, huduma zinapelekwa kwa jamii.

Kuhamia Dodoma ndio kuta push hata mikoani kutakuwa na ungezeko la uchumi. Dodoma ni katikati ya Tanzania na from Dodoma co-ordinations zitawezekana kwenda pande zote hata mpaka Chato na Kilimanjaro.

Mkuu mbona ni zilezile guesswork? Dodoma patasaidia vipi Mwanza au KLM km kupitishia mizigo Mombasa kunalipa tofauti na Dar?Na itasaidia kuchukua mzigo dar na kuupitisa dodoma.Utawala mbovu na sera mbaya bandarini hazitosaidiwa na dodoma.

Mahoteli ya kipumbavu Dodoma yanayowafaa wana CCM yatasaidiaje hotel zenye kuwafaa watalii wau wageni wa nchi km kenya na uganda wanaozijaza msimu wa Christmas na Pasaka? Dodoma inaweza leta economic imbalance mbaya sana. Na baada ya kujengwa ikija ji-adjust, patakuwa na nyumba kuliko wahitaji,atakuwa na mahoteli kuliko watumiaji, patakuwa na bar kuliko wanywaji, kutakuwa na hasara kwa mabenki yaliyokodisha kuliko uwezo wa walipaji, au thamani ya nyumba ukilinganisha na hela iliyowekwa.

Serikali ingejua inalofanya au kusikia tunayojaribu kusema.Wananchi wangepata hela kwa kazi halali,na huko huuko wangejifunza pa kuwekeza kutokana na uelewa wao na maono yao wapi patawalipa wakiwekeza,wangejenga kwa busara popote nchini.

Serikali ingewezesha tuu ktk miundo mbinu, na vichocheo vya kuwekeza dodoma. Ila kinachofanyika ni ubabe, huku watu hawajui wala kuwa na maoneo ya matokeo ya haya.

Msijidanganye kwamba Washington itaweza Shindana na New York au California. Kila mji umejijenga kivyake kutokana na umuhimu wake.

Unless unaamini ushirikina huna ushahidi wa kukataa hizo data. Watu walisema makusanyo yatakata, wengine walisema uchumi wa madini na rasilimali ni kama mafuta ya muarabu.Si uchumi unaohitaji mipango mizuri ya kiuchumi.

Ndio maana hata waarabu sasa hivi km dubai,wanazungusha hela na sio kutumbua tuu ktk ugaidi, anasa na ujinga mwingine.

 

[Barbarosa]

Hivi si kuna miezi michache imepita hawa hawa walisema uchumi unakua kwa kasi!

Hata kusoma tu na kuelewa unashindwa? Soma tena habari inasema uchumi wa TZ yetu unakuwa kwa 7.2 (2016) ktk 7.0 (2015), sasa hapo kipi kigumu kuelewa? Ni kwamba yametolewa mapendekezo lkn uchumi unakuwa kwa kasi!

 

[Barbarosa]

Hakuna mdororo wa uchumi~Mpango

Hata kusoma tu na kuelewa unashindwa? Soma tena habari inasema uchumi wa TZ yetu unakuwa kwa 7.2 (2016) ktk 7.0 (2015), sasa hapo kipi kigumu kuelewa? Ni kwamba yametolewa mapendekezo lkn uchumi unakuwa kwa kasi, hivyo ni kweli hakuna mdororo wa Uchumi TZ yetu kwa maana tumekuwa ktk 7.00 mpaka 7.2 kila kitu kimeandikwa humo ni kusoma tu!!

 

[Barbarosa]

Hawa wazungu wanataka "kumjaribu raisi wetu" Kesha sema msinidrivu. Na hizo "fyoko fyoko" zenu mziache huko huko. Waziri wetu wa Mipango kasema uchumi wetu unakua kwa kasi sana. Yule wa viwanda kasema kuna viwanda zaidi ya elfu 50. Kweli hawa wazungu wametumwa na "ukawa".

Hata kusoma tu na kuelewa unashindwa? Soma tena habari inasema uchumi wa TZ yetu unakuwa kwa 7.2 (2016) ktk 7.0 (2015), sasa hapo kipi kigumu kuelewa? Ni kwamba yametolewa mapendekezo lkn uchumi unakuwa kwa kasi!

 

[technically]

Sawa

 

[Jay One]

Kukaa 5 star hotel, wine pembeni, vyakula kibaoo, snacks za kumwaga na kusema UCHUMI mzuri, all targets were met, mentally & psychologically with regard to human nature, hapo WANAKULA RAHA, allowances $ 1,000 per day, ulitegemea waandike MISENYI HAKUNA CHAKULA, au kuna tishio la baa la njaa wakati meza zao zimejaa mafood yote, au waandike hali ni ngumu sana sana mitaani.. NO, NEVER..

Those are human beings, ni wanyama kama wanyama wengine, watandika kutokana 70% ya hali yao wao hapo hotelini na matumbo yao, hiyo 30% ndio watasema ukweli kidogo...

Hali ni ngumu sana sana kwa sasa.. huhitaji IMF or World Bank to tell this, utakuwa bwe.ge na mpuuzi kusubiria report ya mzungu anaishi ULAYA NA U.S.A, na waafrika walioajiriwa huko kukwambia hali halisi ya nyumbani kwako, ni uwendawazimu na utahira mkubwa, tutakuwa wapuuzi sana, sbb hali halisi iko wazi, acheni utani plse..!!