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United Republic of Tanzania: Selected Issues-Macrofinancial Issues
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 255
Language:
English
Publication Date:
27 Jul 2016
DOI:
https://doi.org/10.5089/9781498391177.002
ISBN:
9781498391177
ISSN:
1934-7685
Pages:
57
Keywords:
ISCR; CR; excess reserves; interest rate; transmission mechanism; Community bank; deposits-to-GDP ratio; mobile money; market participant; reserve money target; Mobile banking; Financial sector development; Commercial banks; Credit; Global
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This Selected Issues paper analyzes the financial sector in Tanzania. The Tanzanian financial system has a number of characteristics commonly seen in other low-income countries. The system is relatively small, dominated by banks, and has not been particularly inclusive. Costs related to basic financial services have come down. However, in other areas, progress remains limited. Firms’ access to credit remains a problem, access to the financial infrastructure continues to lag, and market development remains at a low level. The banking system overall is well-capitalized and reasonably profitable, but there is considerable variation among bank categories.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund