IMF Staff Country Reports

United Republic of Tanzania: Third Review Under the Extended Credit Facility Arrangement and Request for Extension of the Extended Credit Facility Arrangement and Rephasing of Access, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania

June 25, 2024

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United Republic of Tanzania: Third Review Under the Extended Credit Facility Arrangement and Request for Extension of the Extended Credit Facility Arrangement and Rephasing of Access, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania, (USA: International Monetary Fund, 2024) accessed September 19, 2024

Summary

Context and outlook. Economic growth is recovering from the impact of the unfavorable global economic environment and domestic factors. Growth is expected to continue strengthening, supported by improvements in the business environment and subsiding global commodity prices. Inflation is projected to remain within the central bank’s target range. Growth-friendly fiscal consolidation is underway, anchored by the ECF arrangement, and the current account deficit is narrowing reflecting fiscal consolidation, easing commodity prices, and tight external financing conditions. The medium-term outlook is positive contingent on implementation of the authorities’ reform agenda, anchored by the ECF arrangement. Climate change poses a major threat, as Tanzania is highly vulnerable but not well-prepared to address the effects of climate change.

Subject: Climate change, Environment, External debt, International trade, Public debt, Trade balance

Keywords: Climate change, East Africa, Global, Interest rate, Intervention policy, Near-term policy priority, RSF arrangement, Southern Africa, Strategy Policy review Department, Trade balance

Publication Details

  • Pages:

    161

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2024/187

  • Stock No:

    1TZAEA2024001

  • ISBN:

    9798400278273

  • ISSN:

    1934-7685

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