United Republic of Tanzania: Forth Review Under the Extended Credit Facility Arrangement and First Review Under the Resilience and Sustainability Facility Arrangement -Press Release; Staff Report; and Statement by the Executive Director for the United Rep

WASHINGTON, 18 December 2024 / PRN Africa / -- Summary

Growth continues to recover from the impacts of the unfavorable global economic environment and domestic factors. Growth is expected to continue strengthening, supported by the implementation of the authorities’ reform agenda, and subsiding global commodity prices. Inflation is projected to remain within the central bank’s target range. Growth-friendly fiscal consolidation is expected to continue, anchored by the ECF arrangement. The current account deficit has narrowed significantly and is projected to improve further over the medium term. The authorities have begun implementing their ambitious climate reform agenda, supported by the RSF arrangement.

SOURCE International Monetary Fund (IMF)

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