United Republic of Tanzania: Second Review Under the Policy Support Instrument: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tanzania
January 11, 2008
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Fueled by a rebound in agriculture and improved electricity supply, economic growth reached 6.7 percent in 2006–07, and is on track to exceed 7 percent in 2007–08. In mid-2007, significant portfolio capital inflows put pressure on liquidity management. In the first quarter of 2007–08, fiscal performance was strong, but inflationary pressures intensified. After continuing to depreciate in most of 2007, the exchange rate recently reversed course. Strengthening monetary control is the key to reducing inflationary pressures and reining in high and volatile T-bill rates.
Subject: Banking, Budget planning and preparation, Expenditure, Financial regulation and supervision, International trade, Public financial management (PFM), Trade balance
Keywords: Africa, Budget planning and preparation, ceiling, CR, development expenditure, Global, IMF staff representative, IMF's framework, inflation rate, ISCR, PSI program ceiling, Southern Africa, staff appraisal, Sub-Saharan Africa, Trade balance
Pages:
76
Volume:
2008
DOI:
Issue:
009
Series:
Country Report No. 2008/009
Stock No:
1TZAEA2008001
ISBN:
9781451838527
ISSN:
1934-7685
