IMF allocated 1.2 trillion to Tanzania.

The International Monetary Fund (IMF) has announced that it has reached a “preliminary agreement” with the Tanzanian government, which, once officially approved, will enable the country to access approximately $441 million to support its economy.

This funding is part of the fifth review of the Extended Credit Facility (ECF) and the second review of the Resilience and Sustainability Facility (RSF).

The agreement was reached after an IMF team led by Nicolas Blancher held discussions with Tanzanian leaders from April 2 to April 17, 2025. The Tanzanian delegation included Finance Minister Dr. Mwigulu Nchemba, Governor of the Bank of Tanzania Mr. Emmanuel Tutuba, other senior officials, development partners, private sector representatives, and civil society organizations.

Overall, the IMF has stated that Tanzania’s economic situation is positive, with the Gross Domestic Product (GDP) growth recorded at 5.5% in 2024 and expected to rise to 6% in 2025.

Inflation has been kept in check, standing at 3.3% in March, which is below the 5% target set by the central bank. However, the IMF has cautioned that there are challenges that could impact the economy, including global uncertainties, conflicts in the Democratic Republic of Congo, and the upcoming general elections in the country, which may increase spending or delay the implementation of economic reforms.

Crédito: Link de origem