Republic of Tanzania: Seventh Review Under the Policy Support Instrument-Press Release; Staff Report

January 16, 2018

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Republic of Tanzania: Seventh Review Under the Policy Support Instrument-Press Release; Staff Report, (USA: International Monetary Fund, 2018) accessed December 22, 2024

Summary

This paper discusses Tanzania’s Seventh Review Under the Policy Support Instrument (PSI). Program performance under the PSI has been broadly satisfactory. Most quantitative targets for June and September 2017 were met. Although progress in structural reforms has been mostly slow, efforts have been boosted to advance them. Macroeconomic policies will need to be closely coordinated. After recording a small fiscal surplus in July–September against a programmed deficit, the government is planning to step up budget implementation, particularly in development spending. The monetary policy stance and liquidity forecasting and management will need to be closely coordinated with fiscal developments. Strong growth and job creation are needed to address high poverty and a large underemployed youth population.

Subject: Arrears, Banking, Debt sustainability analysis, Expenditure, External debt, Public debt

Keywords: Arrears, Budget credibility, Burden indicator, CR, Debt, Debt sustainability analysis, Deficit, East Africa, GDP, GDP deflator, Global, ISCR, Monetary policy stance, Public finance management, Real GDP, Sub-Saharan Africa

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/011
Stock No:

1TZAEA2018001
ISBN:

9781484337981
ISSN:

1934-7685

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