Dodoma— The Minister for Finance, Dr. Mwigulu Nchemba, has applauded the Bank of Tanzania (BoT) for its outstanding role in managing the country’s economy and supporting long-term national development.
Speaking during a meeting with the BoT’s Board of Directors in Dodoma, led by the Governor and Board Chair Mr. Emmanuel Tutuba, Dr. Nchemba emphasized that the Central Bank’s efforts have played a vital role in keeping Tanzania’s economy stable even as many countries around the world face economic difficulties.
“Despite global economic challenges, Tanzania continues to grow. This success is thanks in large part to the Bank of Tanzania’s solid oversight and professional performance,” said Dr. Nchemba.
The Finance Minister noted that BoT’s strong leadership has helped control inflation, ensured steady access to foreign currency, and kept the financial system stable all of which benefit ordinary Tanzanians through more affordable goods and reliable financial services.
Dr. Nchemba also praised the Bank for responding to public concerns, particularly around small loans and microfinance institutions, and ensuring better financial services reach all corners of the country.
Importantly, he highlighted the Central Bank’s contribution to getting Tanzania removed from the international “Grey List” a list of countries needing to strengthen efforts against money laundering and terrorism financing. “This achievement reflects the strength of our financial laws and oversight systems,” he said.
He called on the Bank to continue operating with professionalism and integrity and assured that the Ministry of Finance remains fully committed to supporting BoT in delivering its mandate.
In response, Governor Emmanuel Tutuba reaffirmed the Central Bank’s commitment to maintaining financial stability, supporting economic growth, and improving the well-being of all Tanzanians.
“As the Bank of Tanzania, we are focused on building a strong and inclusive financial system that supports every citizen and helps our nation prosper,” Governor Tutuba said.