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Browsing: Tanzania budget
- 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 $304.7 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 national development efforts.”
“The …