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International Monetary Fund
In December 1999, the World Bank (the Bank) and the International Monetary Fund (the Fund) introduced a new approach to their relations with low-income countries, centered around the development and implementation of poverty reduction strategies (PRS) by the countries as a precondition for access to debt relief and concessional financing from both institutions. These strategies were also expected to serve as a framework for better coordination of development assistance among other development partners.
International Monetary Fund
Tanzania reached the completion point under the enhanced HIPC Initiative on November 21, 2001. Staff is of the view that all criteria have been met, and recommends that the Board determine that Tanzania qualifies for immediate debt relief under the MDRI.