Tanzania: IMF approves new policy support deal

[Koborer]

Natural gas from offshore fields is expected to start generating

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The International Monetary Fund said it has approved a plan to offer Tanzania policy support to help the government maintain economic stability and cut its fairly large current account deficit.

The IMF expects the east African nation's economy to expand by 7 percent this year as well as in the medium term, with inflation, which stands at 6 percent, falling towards the government's target of 5 percent.

The macroeconomic outlook remains favourable

Tanzania is expected to reduce its current account deficit gradually over the medium term, from the present 14 percent of gross domestic product, one of the largest in the region, the IMF said late on Wednesday.

"This positive outlook is predicated in part on the authorities' intention to undertake further reforms to improve the investment climate and diversify the economic base," the fund said.

The IMF said the country needed to create solid plans for the management of resources from natural wealth, such as natural gas from offshore fields, which is expected to start generating revenue for the government in the early 2020s.

"The macroeconomic outlook remains favourable, based on the projected completion of a natural gas pipeline and adequate natural gas-fired power plants in 2014/15," the fund said.

Source: theafricareport

 

[E Kimaro]

I don trust these guys.

 

[Gari Moshi]

Uzoefu unaonyesha sheria zinazoibana Serikali na sekta zake hazifuatwi kiumakini isipokuwa tu sekta hizo zikibinafsishwa ndio utaona mlolongo wa visheria kama vile hazikuwepo.Mfano kiwanda cha sigara kurazimishwa kuandika onyo katika pakiti za sigara pindi tu kilipo binafsishwa n.k.

Je na Tanesco iki binafsishwa kwa asilimia kama 80% ndipo utaona sheria na haki zote za mteja zinafuatwa.Lakini kwa sasa Tanesco wapo chini ya ubora lakini Tbs ipo kimya kabisa,huku kwetu Kijichi wiki na kitu sasa umeme unazima na kuwaka zaidi ya mara 30 kwa siku na tena Volt meter ilionyesha umeme walio urudisha mara kadhaa leo baada yakuzima na kuwasha ilikua ni Volt 100,ulipo rudi uliwaka dk.45 na kuzima tena hivi ninavyo tuma jamvini saa hii haujarudi.