Tanzania: 2002 Article IV Consultation, Fifth Review Under the Poverty Reduction and Growth Facility and Request for an Extension of the Arrangement and Waiver of Performance Criterion—Staff Report; Public Information Notice and News Brief on the Executive Board Discussion; and Statement by the Executive Director for Tanzania
January 6, 2003
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This paper examines Tanzania’s 2002 Article IV Consultation, Fifth Review Under the Poverty Reduction and Growth Facility (PRGF) and a Request for an Extension of the Arrangement and Waiver of Performance Criterion. Tanzania’s performance under the PRGF-supported program has been broadly on track. All the qualitative performance criteria through end-June 2002 were observed, but quantitative benchmarks on reserve money, extrabudgetary expenditure, and the accumulation of domestic budgetary arrears were not met. One structural performance criterion, relating to the amendment of legislation to tighten approval procedures for incurring or guaranteeing new foreign borrowing, was not observed.
Subject: Banking, Expenditure, External debt, International trade, Poverty, Poverty reduction strategy, Public debt, Trade balance
Keywords: CR, creditor, Europe, government, growth facility arrangement, ISCR, Poverty reduction strategy, PRGF arrangement, PRGF loan, PRGF-supported program, Southern Africa, staff, Tanzania's public, Trade balance
Pages:
92
Volume:
2003
DOI:
Issue:
001
Series:
Country Report No. 2003/001
Stock No:
1TZAEA0012003
ISBN:
9781451838312
ISSN:
1934-7685
