35956
Tanzania Growth 7%
World Economy

Tanzania Growth 7%

Tanzania recorded strong economic growth of 7% in 2015, according to a review by the International Monetary Fund, NewsNow reported. The economy in the East African country has been driven by construction and financial services as well as the transportation and communication sectors. Tanzania’s relationship with the IMF is based on an agreement called a Policy Support Instrument or PSI. Tanzania’s budget spending for the fiscal year starting in July is likely to rise 2.2%, according to a document released by the finance minister. Philip Mpango presented the document outlining budget plans for 2016/17 to parliament last Monday.

 

Short URL : http://goo.gl/SUQmIb
  1. http://goo.gl/dPiLja
  • http://goo.gl/QjeLQa
  • http://goo.gl/VG5C3D
  • http://goo.gl/LHQWpQ
  • http://goo.gl/ck2A0B

You can also read ...

Saudi Arabia Facing Uphill Battles
Saudi Crown Prince Mohammed bin Salman’s Vision 2030 scheme...
The popular Tesla Model S is due to sell by the end of this month in China, at which point the price will go up about $20,900.
More than a week has passed since the US and China fired the...
Switzerland has the smallest ratio with 7.2% of GDP.
The shadow economy in Jordan accounted for 17.38% of the GDP...
The bankruptcy of investment bank Lehman Brothers on September...
German Cabinet Warned of Economic Risks
The chief of Germany’s central bank, Jens Weidmann, warned the...
Airbus, AirAsia Discussing $23 Billion Deal
The Malaysian airline, already the second-biggest customer for...
The Bank of Italy revised its growth estimates down to 1.3% for 2018, and to 1% for 2019.
Italy's already weak growth forecasts were revised downwards...
Pakistan Raises Key Interest Rate
Pakistan’s central bank on Saturday raised interest rates by...

Trending

Googleplus