The International Monetary Fund (IMF) has approved an immediate disbursement of approximately US$448.4 million (SDR 326.47 million) to Tanzania. This funding comes under two policy support mechanisms: the Extended Credit Facility (ECF) and the Resilience and Sustainability Facility (RSF), following successful board reviews concluded on June 27.

The fifth review of Tanzania’s ECF arrangement has unlocked approximately US$155.7 million, while the second review of the RSF opens up nearly US$292.7 million. These programs collectively bring Tanzania’s total authorized access to over US$1.25 billion across both facilities.

The funding supports the Tanzanian government’s ongoing macroeconomic stability, structural reform, and climate resilience efforts. According to the IMF, Tanzania experienced real GDP growth of 5.5% in 2024, projected to reach 6.0% in 2025, with inflation held at 3.3% in April—well within target.

IMF staff noted that Tanzania has met key financial and program targets. These include fiscal consolidation, strengthened monetary policy frameworks, and improved public financial management—all designed to promote sustainable, inclusive development. The RSF funding specifically targets climate adaptation and resilience building.

By: TPA News Desk | editor@thepointafricanews.com