United Republic of Tanzania: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania

September 17, 2021

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United Republic of Tanzania: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania, (USA: International Monetary Fund, 2021) accessed September 19, 2024

Summary

The COVID-19 pandemic has negatively impacted Tanzania’s macroeconomic outlook, and negatively impacted its population’s health and well-being. Tourism collapsed in the wake of travel restrictions, the economy reportedly decelerated to 4.8 percent growth in 2020, and growth is expected to remain subdued in 2021. The previous government downplayed the presence of the COVID-19 virus in Tanzania and the impact of the pandemic in the country, and budgeted insufficient resources to address the health and economic crisis. This has left the new administration of President Hassan with an enormous and urgent challenge to tackle the COVID-19 pandemic. The new administration is implementing comprehensive plans to immediately address the pandemic, resulting in an urgent balance of payments need.

Subject: COVID-19, Debt sustainability analysis, External debt, Health, International organization, Monetary policy, Public debt

Keywords: COVID-19, Debt sustainability analysis, Emergency spending, Financing gap, Global, Health financing, Procurement contract, Response plan, RFI financing, RFI resource, Spending needs

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/213
Stock No:

1TZAEA2021001
ISBN:

9781513598352
ISSN:

1934-7685

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