United Republic of Tanzania: Third Review Under the Policy Support Instrument-Press Release; Staff Report; and Statement by the Executive Director for United Republic of Tanzania

February 1, 2016

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United Republic of Tanzania: Third Review Under the Policy Support Instrument-Press Release; Staff Report; and Statement by the Executive Director for United Republic of Tanzania, (USA: International Monetary Fund, 2016) accessed December 22, 2024

Summary

This paper reviews Tanzania's economic performance under the program supported by the Policy Support Instrument. Macroeconomic performance of Tanzania remains broadly favorable. Quarterly accounts indicate that real GDP grew by 7.2 percent in the first half of 2015, driven by construction, transport, communication, and financial services. The new government that came into power in October 2015 is also committed to further strengthen the economy of Tanzania, although program implementation slowed significantly ahead of presidential election. Revenue and financing shortfalls, together with weak commitment controls, led to the accumulation of further domestic arrears. At 3.3 percent of GDP, the fiscal cash deficit for 2014/15 was below the programmed 3.8 percent.

Subject: Arrears, Expenditure, External debt, Public and publicly-guaranteed external debt, Public debt

Keywords: Arrears, Authority, CR, Development priority, East Africa, Expenditure arrears, Global, Increase revenue collection, Inflation objective, ISCR, Monetary policy, Program implementation, Public and publicly-guaranteed external debt

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/029
Stock No:

1TZAEA2016001
ISBN:

9781513577395
ISSN:

1934-7685

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