Tanzania: Seventh Review Under the Policy Support Instrument, Second Review Under the Exogenous Shocks Facility, and Request for a New Three-Year Policy Support Instrument: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tanzania.
June 23, 2010
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Monetary and fiscal easing, together with specific interventions under the Economic Rescue Plan, helped contain the immediate impact of the global crisis, but private sector recovery remains nascent. Inflation, persistently high during 2009 owing to large increases in food prices, has declined to single-digit levels. Revenues continue to underperform relative to the budget, resulting in a modest scaling back in expenditure to limit deterioration of the fiscal deficit. Monetary policy has produced a low interest rate environment, but private sector credit growth has slowed sharply.
Subject: Banking, Credit, Expenditure, External debt, Money, Public and publicly-guaranteed external debt, Public debt
Keywords: access ESF arrangement, Africa, CR, Credit, debt, East Africa, fuel price, Global, growth strategy, IMF Executive Board, IMF's framework, investment, ISCR, monetary policy, price inflation, Public and publicly-guaranteed external debt
Pages:
84
Volume:
2010
DOI:
Issue:
173
Series:
Country Report No. 2010/173
Stock No:
1TZAEA2010001
ISBN:
9781455204182
ISSN:
1934-7685
