IMF to provide $150 million to Tanzania, cautions against prolonged foreign currency shortages
The minister for Finance, Dr Mwigulu Lameck Nchemba, speaks with the International Monetary Fund’s mission chief for Tanzania, Mr Charalambos Tsangarides, (second right) and the IMF Resident Representative in Tanzania, Mr Jens Reinke (right), during staff-level negotiations with the IMF team in February 2023. Second from left is the Permanent Secretary in the Ministry of Finance, Dr Natu Mwamba, and the Governor of the Bank of Tanzania (BoT), Mr Emmanuel Tutuba (left). The Tanzanian authorities and the IMF team have concluded staff-level negotiations for 2024. PHOTO | FILE
The IMF warned that foreign currency shortages would persist in Tanzania this year, posing risks to economic growth that has weathered various challenges, including serious power shortages late last year and early this year
