Lanterna Rally
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United Republic of Tanzania: Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania
Author: International Monetary
Publisher: International Monetary Fund
Published: 2021-09-17
Total Pages: 64
ISBN-13: 151359835X
DOWNLOAD EBOOK →The COVID-19 pandemic has negatively impacted Tanzania’s macroeconomic outlook, and negatively impacted its population’s health and well-being. Tourism collapsed in the wake of travel restrictions, the economy reportedly decelerated to 4.8 percent growth in 2020, and growth is expected to remain subdued in 2021. The previous government downplayed the presence of the COVID-19 virus in Tanzania and the impact of the pandemic in the country, and budgeted insufficient resources to address the health and economic crisis. This has left the new administration of President Hassan with an enormous and urgent challenge to tackle the COVID-19 pandemic. The new administration is implementing comprehensive plans to immediately address the pandemic, resulting in an urgent balance of payments need.
United Republic of Tanzania
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Published: 2013-06-19
Total Pages: 52
ISBN-13: 1484373944
DOWNLOAD EBOOK →Tanzania’s economic growth continues to be buoyant. The planned monetary policy tightening is aimed at entrenching gradual disinflation. Executive Directors recommend further enhancing the degree of exchange rate flexibility, and the fiscal deficit reduction envisaged in the draft budget is welcomed. Implementation of the structural reform agenda needs to be reinvigorated. Although the medium-term outlook remains strong, short-term risks to the program are foreseen. There is progress in areas including health, higher education enrollment, and revenue collection, but challenges in poverty reduction remain.
United Republic of Tanzania
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Published: 2024-06-25
Total Pages: 161
ISBN-13:
DOWNLOAD EBOOK →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.
United Republic of Tanzania: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania
Author: International Monetary
Publisher: International Monetary Fund
Published: 2021-12-02
Total Pages: 20
ISBN-13: 1616350822
DOWNLOAD EBOOK →The COVID-19 pandemic has negatively impacted Tanzania’s macroeconomic outlook. The Tanzanian authorities are implementing a comprehensive emergency pandemic response plan to help mitigate the significant socioeconomic and health effects of the crisis, resulting in an ongoing urgent balance of payments need.
United Republic of Tanzania
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Published: 2013-01-17
Total Pages: 61
ISBN-13: 1475545673
DOWNLOAD EBOOK →Tanzania’s macroeconomic outlook is favorable with buoyant growth and declining inflation. The Executive Board of the International Monetary Fund (IMF) commended its prudent policy management and progress in stabilizing the economy. The country’s 2012–13 budget appropriately balances the development and social spending needs with the debt-stabilizing objective. The country’s structural reforms aim to secure fiscal sustainability and support a strong economic expansion in the medium term. The Directors concluded that the floating exchange regime would continue to provide helpful flexibility to preserve its macroeconomic stability.
United Republic of Tanzania
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Published: 2023-12-18
Total Pages: 94
ISBN-13:
DOWNLOAD EBOOK →The unfavorable global economic environment and domestic factors continue to weigh on Tanzania’s economic recovery. Growth rebounded during the first half of 2023 but is expected to slowdown in the second half amid headwinds from a weak global outlook and forex liquidity shortages. Inflation has moderated and is now well within the Bank of Tanzania’s target. The fiscal deficit was wider than expected in FY2022/23, largely reflecting shortfalls in revenue collections. A wide current account deficit for FY2022/23 and tighter external financial conditions resulted in pressures in the foreign exchange market.
United Republic of Tanzania
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Published: 2014-07-25
Total Pages: 51
ISBN-13: 1498313221
DOWNLOAD EBOOK →KEY ISSUES Economic background and outlook. Tanzania has enjoyed strong and stable growth, projected to remain at 7 percent next year and in the medium term. Inflation is at 6 percent, gradually converging to the authorities’ 5 percent medium-term objective. The external current account deficit remains among the largest in the region, at 14 percent of GDP this year. Fiscal revenue shortfalls and overruns in domestically-financed spending led the deficit to rise to 6.8 percent of GDP in 2012/13. Revenue shortfalls in 2013/14 compared to the budget approved by parliament have prompted the authorities to undertake expenditure cuts during the fiscal year in an effort to meet their 5 percent of GDP target. Based on the debt sustainability analysis, Tanzania remains at low risk of debt distress. Recent program engagement. Tanzania concluded its final review under a Standby Credit Facility (SCF) arrangement, together with its Article IV consultations, on April 25, 2014. The SCF expired on April 30, 2014. Key challenges. Over the next three years, policymakers will face several challenges, including the following: • Step up needed investment in infrastructure while protecting critical social spending. These objectives will need to be pursued following careful prioritization, to preserve government debt sustainability. • Prepare for natural gas. If recent discoveries of sizeable offshore natural gas deposits are confirmed as commercially viable, sizable fiscal revenues would need to be managed to bring benefits to all Tanzanians. Against this background, the authorities are requesting a three-year PSI to be in place by the start of FY2014/15. They see the PSI as an appropriate instrument to underpin the close policy dialogue with staff, provide a positive signal to donors and markets, and safeguard policy discipline. Staff supports the authorities’ request for a PSI.
United Republic of Tanzania: Fourth Review Under the Policy Support Instrument and Request for an Arrangement Under the Standby Credit Facility
Author: International Monetary Fund
Publisher:
Published: 2012
Total Pages: 82
ISBN-13:
DOWNLOAD EBOOK →Tanzania's economy experienced adverse supply shocks in 2011. The Fourth Review under the policy support instrument (PSI) discusses that tighter fiscal and monetary policies are addressing the inflationary impact of the drought/energy shock. Performance under the PSI-supported program has been generally satisfactory. All December 2011 and March 2012 quantitative assessment criteria and indicative targets were met, other than the March 2012 floor on net international reserves, which was missed on account of delays in contracting programmed external borrowing.
United Republic of Tanzania
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Published: 2023-04-28
Total Pages: 128
ISBN-13:
DOWNLOAD EBOOK →Spillovers from the war in Ukraine and shortfalls in rainfall stalled Tanzania’s recovery from the COVID-19 pandemic. Despite fuel and fertilizer subsidies, inflation has picked up in recent months, approaching the Bank of Tanzania’s target. External balances deteriorated significantly last year due in large part to spillovers from the war in Ukraine.
