WASHINGTON (Reuters) – The executive board of 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.
It said Tanzania’s economic reform program is progressing well in a challenging global economic environment, with efforts focused on strengthening the economic recovery, preserving macroeconomic stability, and supporting structural reforms towards sustainable and inclusive growth.
(Reporting by Andrea Shalal; Editing by Christian Schmollinger)
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