IMF board okays $150.5m budgetary support for Tanzania
People gather to assess damages at a street covered on mud following landslides and flooding triggered by heavy rainfall in Katesh, Tanzania on December 5, 2023. PHOTO | AFP
The International Monetary Fund (IMF) board has approved the disbursement of $150.5 million financing towards Tanzania’s budgetary support as part of its $1.04 billion Extended Credit Facility (ECF) that was approved in July 2022.
This follows the completion of the programme’s second review, bringing Tanzania’s total access under the arrangement to about $455.3 million.
