Analogia Malenga
JF-Expert Member
- Feb 24, 2012
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Tanzania imefikia makubaliano na Shirika la Fedha la Kimataifa (IMF) katika mpango wa muda wa kupata Tsh. 2,400,000,000,000 unaolenga kuendeleza Uchumi wa nchi uliodumazwa na Janga la COVID-19.
Kulingana na taarifa kutoka Shirika hilo, mkopo huo ambao ni kupitia Kitengo cha Mikopo ya Dharura unakusudiwa kuboresha mazingira ya Biashara na ushindani na kuimarisha ukuaji wa kifedha.
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Tanzania has reached an agreement with International Monetary Fund (IMF) in a medium term program to secure Sh2.4 trillion, the lender has announced.
In a statement released by IMF, it was revealed that the finalization of this agreement came from meetings between Tanzanian authorities and IMF that were held from May to June 2022 in Dodoma, Dar es Salaam and Zanzibar.
According to the IMF’s statement, this program is set to develop Tanzania’s economy.
“Tanzania’s economy is gradually recovering from the negative effects of COVID-19 pandemic but spillovers from the war in Ukraine are stalling the recovery. IMF emergency assistance under the Rapid Credit Facility (RCF), and additional support from other development partners, supported the authorities’ efforts to step-up the pandemic response, address fiscal pressures engendered by the pandemic response, and close financing needs,” the statement details.
It further disclosed that the medium term program aims at mobilizing domestic revenue and creating space for much needed investment in the country.
According to the communique, the investment will be in human and physical capital increased social spending, advancing the authorities’ structural reform agenda, including to improve the business environment and competitiveness, and strengthening financial deepening and stability.