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Law > Business and Financial

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Cover IMF Staff Country Reports
United Republic of Tanzania: Fourth Review Under the Policy Support Instrument: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for United Republic of Tanzania
International Monetary Fund
This paper discusses key findings of the Fourth Review under the Policy Support Instrument (PSI) for the United Republic of Tanzania. By October 2008, inflation had risen to 11.8 percent mainly reflecting the surge in global food and fuel prices, but is expected to begin to recede. Poverty indicators have improved, although progress is slower than hoped in some areas. The outlook for 2009 is for continued robust growth, but the current global environment poses serious downside risks. Despite some slippages, there has been good progress on the PSI-supported program.
Keywords:
ISCR; CR; authority; inflation; prudent monetary policy framework; economic statistics; tax exemption regime; central bank; anchor inflation expectation; development expenditure; expenditure side; policy advice; growth potential; broad money; Trade balance; Tax administration core functions; Global; Africa
Cover IMF Staff Country Reports
United Republic of Tanzania: Third Review Under the Policy Support Instrument: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tanzania
International Monetary Fund
Tanzania’s performance ranks among the best for non-oil exporting countries in sub-Saharan Africa. The 2008/09 budget will aim at maintaining hard-won fiscal stability in the face of large spending needs and uncertain financing. Tighter budget constraints highlight the need to further expand the revenue base and achieve greater efficiency and effectiveness of government spending. Building on its recent success of reining in reserve money growth, the Bank of Tanzania (BoT) will aim to gradually bring down inflation to its medium-term objective of 5 percent.
Keywords:
ISCR; CR; WEO oil price projection; fund; authority; ban; Tanzania's economic growth prospect; world economic growth; staff appraisal; power sector reform agenda; Trade balance; Global; Southern Africa; Africa
Cover IMF Staff Country Reports
United Republic of Tanzania: Second Review Under the Policy Support Instrument: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tanzania
International Monetary Fund
Fueled by a rebound in agriculture and improved electricity supply, economic growth reached 6.7 percent in 2006–07, and is on track to exceed 7 percent in 2007–08. In mid-2007, significant portfolio capital inflows put pressure on liquidity management. In the first quarter of 2007–08, fiscal performance was strong, but inflationary pressures intensified. After continuing to depreciate in most of 2007, the exchange rate recently reversed course. Strengthening monetary control is the key to reducing inflationary pressures and reining in high and volatile T-bill rates.
Keywords:
ISCR; CR; staff appraisal; ceiling; development expenditure; IMF staff representative; inflation rate; PSI program ceiling; IMF's framework; Trade balance; Budget planning and preparation; Africa; Sub-Saharan Africa; Southern Africa; Global