Download or read book United Republic of Tanzania written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-07-18 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tanzania’s economy experienced adverse supply shocks in 2011. The Fourth Review under the policy support instrument (PSI) discusses that tighter fiscal and monetary policies are addressing the inflationary impact of the drought/energy shock. Performance under the PSI-supported program has been generally satisfactory. All December 2011 and March 2012 quantitative assessment criteria and indicative targets were met, other than the March 2012 floor on net international reserves, which was missed on account of delays in contracting programmed external borrowing.
Download or read book United Republic of Tanzania written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-07-18 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tanzania’s economy experienced adverse supply shocks in 2011. The Fourth Review under the policy support instrument (PSI) discusses that tighter fiscal and monetary policies are addressing the inflationary impact of the drought/energy shock. Performance under the PSI-supported program has been generally satisfactory. All December 2011 and March 2012 quantitative assessment criteria and indicative targets were met, other than the March 2012 floor on net international reserves, which was missed on account of delays in contracting programmed external borrowing.
Download or read book United Republic of Tanzania written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-06-19 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tanzania’s economic growth continues to be buoyant. The planned monetary policy tightening is aimed at entrenching gradual disinflation. Executive Directors recommend further enhancing the degree of exchange rate flexibility, and the fiscal deficit reduction envisaged in the draft budget is welcomed. Implementation of the structural reform agenda needs to be reinvigorated. Although the medium-term outlook remains strong, short-term risks to the program are foreseen. There is progress in areas including health, higher education enrollment, and revenue collection, but challenges in poverty reduction remain.
Download or read book United Republic of Tanzania written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-07-24 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Economic background and outlook. Tanzania has enjoyed strong and stable growth, projected to remain at 7 percent next year and in the medium term. Inflation is at 6 percent, gradually converging to the authorities’ 5 percent medium-term objective. The external current account deficit remains among the largest in the region, at 14 percent of GDP this year. Fiscal revenue shortfalls and overruns in domestically-financed spending led the deficit to rise to 6.8 percent of GDP in 2012/13. Revenue shortfalls in 2013/14 compared to the budget approved by parliament have prompted the authorities to undertake expenditure cuts during the fiscal year in an effort to meet their 5 percent of GDP target. Based on the debt sustainability analysis, Tanzania remains at low risk of debt distress. Recent program engagement. Tanzania concluded its final review under a Standby Credit Facility (SCF) arrangement, together with its Article IV consultations, on April 25, 2014. The SCF expired on April 30, 2014. Key challenges. Over the next three years, policymakers will face several challenges, including the following: • Step up needed investment in infrastructure while protecting critical social spending. These objectives will need to be pursued following careful prioritization, to preserve government debt sustainability. • Prepare for natural gas. If recent discoveries of sizeable offshore natural gas deposits are confirmed as commercially viable, sizable fiscal revenues would need to be managed to bring benefits to all Tanzanians. Against this background, the authorities are requesting a three-year PSI to be in place by the start of FY2014/15. They see the PSI as an appropriate instrument to underpin the close policy dialogue with staff, provide a positive signal to donors and markets, and safeguard policy discipline. Staff supports the authorities’ request for a PSI.
Download or read book United Republic of Tanzania written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-07-25 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Economic background and outlook. Tanzania has enjoyed strong and stable growth, projected to remain at 7 percent next year and in the medium term. Inflation is at 6 percent, gradually converging to the authorities’ 5 percent medium-term objective. The external current account deficit remains among the largest in the region, at 14 percent of GDP this year. Fiscal revenue shortfalls and overruns in domestically-financed spending led the deficit to rise to 6.8 percent of GDP in 2012/13. Revenue shortfalls in 2013/14 compared to the budget approved by parliament have prompted the authorities to undertake expenditure cuts during the fiscal year in an effort to meet their 5 percent of GDP target. Based on the debt sustainability analysis, Tanzania remains at low risk of debt distress. Recent program engagement. Tanzania concluded its final review under a Standby Credit Facility (SCF) arrangement, together with its Article IV consultations, on April 25, 2014. The SCF expired on April 30, 2014. Key challenges. Over the next three years, policymakers will face several challenges, including the following: • Step up needed investment in infrastructure while protecting critical social spending. These objectives will need to be pursued following careful prioritization, to preserve government debt sustainability. • Prepare for natural gas. If recent discoveries of sizeable offshore natural gas deposits are confirmed as commercially viable, sizable fiscal revenues would need to be managed to bring benefits to all Tanzanians. Against this background, the authorities are requesting a three-year PSI to be in place by the start of FY2014/15. They see the PSI as an appropriate instrument to underpin the close policy dialogue with staff, provide a positive signal to donors and markets, and safeguard policy discipline. Staff supports the authorities’ request for a PSI.
Download or read book United Republic of Tanzania written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2024-06-25 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: Context and outlook. Economic growth is recovering from the impact of the unfavorable global economic environment and domestic factors. Growth is expected to continue strengthening, supported by improvements in the business environment and subsiding global commodity prices. Inflation is projected to remain within the central bank’s target range. Growth-friendly fiscal consolidation is underway, anchored by the ECF arrangement, and the current account deficit is narrowing reflecting fiscal consolidation, easing commodity prices, and tight external financing conditions. The medium-term outlook is positive contingent on implementation of the authorities’ reform agenda, anchored by the ECF arrangement. Climate change poses a major threat, as Tanzania is highly vulnerable but not well-prepared to address the effects of climate change.
Download or read book United Republic of Tanzania Sixth Review Under the Three year Arrangement Under the Poverty Reduction and Growth Facility and Request for a Three year Policy Support Instrument written by and published by . This book was released on 2007 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book United Republic of Tanzania Sixth Review Under the Three year Arrangement Under the Policy Support Instrument First Review Under the Exogenous Shocks Facility and Request for a Modification of Performance assessment Criterion Staff Report and Press Release on the Executive Board Discussion written by and published by . This book was released on 2009 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book United Republic of Tanzania written by International Monetary Fund and published by . This book was released on 2005-01-31 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Sixth Review Under the Policy Support Instrument (PSI) for the United Republic of Tanzania. All end-June 2009 quantitative performance/assessment criteria were met. Good progress has been achieved with structural reforms. The Executive Board approved the Fifth Review of the PSI and a 12-month arrangement under the high access component of the Exogenous Shocks Facility in the amount of SDR 218.79 million (110 percent of quota) on May 29, 2009.
Download or read book United Republic of Tanzania written by Saul Lizondo and published by . This book was released on 2009 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Assessment of the Global Impact of the Financial Crisis written by P. Arestis and published by Springer. This book was released on 2010-12-14 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This topical volume analyzes the impact of the 2008 financial crisis. It considers the origins and explanations of the current crisis, examines the regulatory implications and, with specific focus on developing countries, it provides a strategy for economic growth that can guarantee financial stability in the future.
Download or read book United Republic of Tanzania written by and published by . This book was released on 2009 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book United Republic of Tanzania written by International Monetary Fund and published by . This book was released on 2005-08-11 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses United Republic of Tanzania's Fourth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria. A principal challenge for monetary policy continues to be liquidity management in the face of high foreign aid inflows. A comprehensive Financial Sector Reform Implementation Action Plan has been completed. Under the plan, efforts to remove key structural impediments to broaden access to financial services will be accelerated, including measures to facilitate increased medium- and longer-term lending, and streamline the pension sector.
Download or read book United Republic of Tanzania written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-01-31 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tanzania’s fiscal policy has been tightened owing to the deteriorating financing climate and rising inflation. The Bank of Tanzania has tightened its reserve money program for 2011/12, and domestic interest rates have risen sharply since mid-2011. The authorities are expanding Tanzania’s electric power generation capacity and raising electricity tariffs. Tanzania has good prospects as a major producer of natural gas by the end of the decade. The authorities will identify the critical macroeconomic policies and institutions to successfully manage future gas wealth.
Download or read book United Republic of Tanzania written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2023-04-28 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spillovers from the war in Ukraine and shortfalls in rainfall stalled Tanzania’s recovery from the COVID-19 pandemic. Despite fuel and fertilizer subsidies, inflation has picked up in recent months, approaching the Bank of Tanzania’s target. External balances deteriorated significantly last year due in large part to spillovers from the war in Ukraine.
Download or read book United Republic of Tanzania written by and published by . This book was released on 2005 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book United Republic of Tanzania written by International Monetary Fund and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Tanzania's Second Review Under the Policy Support Instrument (PSI). Tanzania's macroeconomic performance remains strong. Program performance since the last review has been uneven. All end-2014 assessment criteria were met, though the indicative target on tax revenue collection was missed. Good progress was made on structural benchmarks. Shortfalls in domestic revenue continued in early 2015, and delays were incurred in mobilizing external financing and adjusting expenditure in the context of the mid-year budget review. The IMF staff recommends completion of the second PSI
