Tanzania not at risk of debt distress, says central bank boss

Tanzania railway.

Tanzania will seek more concessional loans to fund strategic projects like the railway. PHOTO | FILE

Debate over national debt continued to rage, with the governor of the Bank of Tanzania (BoT), Prof Florens Luoga, saying the loans were sustainable and that there was room for more borrowing.

According to the central bank, Tanzania’s national debt stock swelled by $5.3 billion, reaching $35.76 billion in the year to October 31, 2021.