IMF: Tanzania GDP Growth Estimated at 6% in 2020, Tax Reforms Needed
An International Monetary Fund (IMF) team visited Tanzania from 20th February to 4th March 2020 to asses the state of the national economy.
IMF
Tanzania Joined the International Monetary Fund (IMF) in September 10, 1962.
IMF involvement in Tanzania’s economic transformation and programs has evolved in three phases: liberalization, 1986–95; macroeconomic stabilization and structural reform, 1996–2006; and consolidation of reforms and policy support since 2006.
As IMF’s financing has become less critical for Tanzania, the fund provides policy advice to the country via its Policy Support Instrument (PSI), designed for low-income countries that do not want—or need— IMF’s financial assistance, a tool that provides advice and support without a borrowing arrangement.
The Resident Representative of IMF in Tanzania is Bhaswar Mukhopadhyay.
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