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Browsing: President Samia Suluhu
- The IMF says latest tranche is meant to finance “general national development efforts.”
- When the entire Extended Credit Facility ECF is disbursed, Tanzania will be eligible to receive in excess of $304.7 million.
- Tanzania faulted for not publishing audit report of its Covid-19 pandemic-related spending.
The International Monetary Fund (IMF) has approved $153 million in credit financing for Tanzania. The loan, however, comes with a tough call for enhanced monitoring and transparency in public spending.
This financing is only the first part of the loan that was issued following the completion of the first part of the country’s Extended Credit Facility (ECF) review. When the full ECF is completed, Tanzania will be eligible to receive in excess of 4. (https://pragermetis.com/) 7 million.
What is the loan for? According to the public statement released after the deal was signed earlier this month, the money is meant to finance “general …
- The current president of Tanzania is actively pursuing a foreign policy distinct from the one pursued by the late Magufuli, who served as president before her.
- Kenya and Tanzania agreed to boost their bilateral ties during the visit of President Samia, marking the conclusion of a challenging chapter marked by trade barriers and border tension.
- One year after President Samia Suluhu took office, a “softening” of Tanzania’s borders with Kenya, a reduction in non-tariff hurdles, and resolution to bilateral issues have resulted in higher commercial growth in both countries.
Previously strained relations between Kenya and Tanzania
Owing to their strained relationship, Kenya and Tanzania have not realized their goals of establishing a free trade zone for many years. The problems originated from several sources, including the closing of borders, the restriction of collaboration and the free movement of goods and services, the introduction of additional taxes, and the …
