Tanzania: IMF to disburse $153 million as part of loan deal

The International Monetary Fund on Monday approved the first review of Tanzania’s three-year extended credit facility, allowing immediate disbursement of about $153 million in budgetary support, the IMF said in a statement.

The international financial lender said Tanzania’s economic reform program was progressing well in a challenging global economic environment, but authorities must work to boost domestic revenues, while stepping up…