IMF FINDS TANZANIA'S MACROECONOMIC DEVELOPMENTS FAVORABLE AFTER FIRST PSI REVIEW

The Executive Board of the International Monetary Fund (IMF) has completed its first review of the economic performance of Tanzania under a program that is supported by the Policy Support Instrument (PSI) with reports indicating that Tanzania's macro-economic developments are still favorable.

According to the Deputy Managing Director and Acting Chair of the Executive Board, Min Zhu, who spoke following the Board decision, the first half of 2014 reported strong economic growth and inflation levels are expected to remain close to 7%, which is in line with the authorities’ target of 5% by June 2015.

“Macroeconomic developments in Tanzania remain favorable,” he said, “Inflation remains in mid-single digits, consistent with the authorities’ target of 5& by June 2015.”

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