United Republic of Tanzania: Request For a 40- Month Arrangement Under The Extended Credit Facility —Press Release; Staff Report; And Statement By The Executive Director For The United Republic Of Tanzania

IMF Staff Country Reports, August 5, 2022

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United Republic of Tanzania: Request For a 40- Month Arrangement Under The Extended Credit Facility —Press Release; Staff Report; And Statement By The Executive Director For The United Republic Of Tanzania

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Bibliographic details

• Authors: The Executive Director For The United Republic Of Tanzania Tanzania’s
• Published: August 5, 2022
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798400215414.002

Economic context and recovery

• Tanzania’s economy is gradually recovering from the negative effects of the COVID-19 pandemic.
• The country faces protracted balance of payments needs associated with two external shocks:
  • the COVID-19 pandemic
  • the war in Ukraine

IMF financing and past support

• IMF emergency financing provided in 2021 amounted to 0.8 percent of GDP.
• The 2021 emergency financing helped to:
  • address fiscal pressures
  • preserve stability
  • finance the authorities’ COVID-19 economic and health response
• The authorities are seeking renewed Fund assistance through a 40- Month Extended Credit Facility arrangement.

Policy priorities and reform agenda

• The requested Fund support aims to:
  • address protracted balance of payments needs from the two external shocks
  • support the authorities’ reform agenda as summarized in their Five-Year Development Plan
• Subject areas highlighted in the publication metadata include:
  • COVID-19
  • Debt sustainability
  • Debt sustainability analysis
  • External debt
  • Health
  • International organization
  • Monetary policy
  • Public debt

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