Economic news
IMF approves immediate disbursement of about $153 million to Tanzania
2023.04.24 22:27
© Reuters. FILE PHOTO: A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, U.S., May 10, 2018. REUTERS/Yuri Gripas/File Photo/File Photo
WASHINGTON (Reuters) – The executive board of the International Monetary Fund on Monday approved the first review of Tanzania’s three-year extended credit facility, allowing immediate disbursement of about $153 million in budgetary support, the IMF said in a statement.
It said Tanzania’s economic reform program is progressing well in a challenging global economic environment, with efforts focused on strengthening the economic recovery, preserving macroeconomic stability, and supporting structural reforms towards sustainable and inclusive growth.
