IMF Warns Tanzania of Growth Risks
IMF Warns Tanzania of Growth Risks

IMF Warns Tanzania of Growth Risks

IMF Warns Tanzania of Growth Risks

The International Monetary Fund has warned Tanzania that the country’s economic policies threaten its forecast for growth in fiscal year 2016/17 (July-June) of around 7%, Yahoo reported. President John Magufuli promised when he was elected last year to reform an economy hobbled by red tape and corruption and begin a program to develop public infrastructure. But the IMF said progress has been slow and lack of public spending is curtailing liquidity. “There are risks that could adversely affect economic growth going forward, arising from the currently tight stance of macroeconomic policies, the slow pace of credit growth that may become protracted, slow implementation of public investment, and private sector uncertainty about the government’s new economic strategies,” the IMF said late on Monday in its latest review. Tanzania projects growth of 7.2% for 2016, up from 7% in 2015, led by mining, telecoms, construction and financial services. “Monetary policy should be eased to address the tight liquidity situation and support credit to the private sector,” said the IMF.


Short URL : https://goo.gl/TYVVuH
  1. https://goo.gl/eOubQy
  • https://goo.gl/1JsmCc
  • https://goo.gl/XsiInb
  • https://goo.gl/rStlhj
  • https://goo.gl/YWAevy

You can also read ...

Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...

Add new comment

Read our comment policy before posting your viewpoints