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Tanzania has been recognized for its strong fiscal reforms and commitment to improving budget transparency and domestic revenue collection, as 14 African countries under the International Monetary Fund (IMF) Africa Group 1 Constituency pledged to reduce dependence on external aid and loans.
The recognition came during the 52nd Africa Group 1 Constituency Policy Dialogue held alongside the IMF and World Bank Annual Meetings in Washington, D.C., where Tanzania was represented by the Permanent Secretary in the Ministry of Finance, Dr. Natu Mwamba, and the Bank of Tanzania (BoT) Governor, Mr. Emmanuel Tutuba.
Dr. Mwamba said Tanzania continues to take bold steps in strengthening financial systems, implementing digital tax reforms, and empowering local governments to generate sustainable revenue.
“Our approach focuses on inclusive growth and long-term economic stability. By modernizing tax administration and embracing technology, we are ensuring that no one is left behind in the development process,” she said.
She added that the IMF-supported programs should continue to prioritize concessional financing and capacity-building support, helping African economies navigate global shocks and climate-related risks.
The policy dialogue, attended by Ministers of Finance and Central Bank Governors from 14 countries including Angola, Botswana, Comoros, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, South Africa, Zambia, Zimbabwe, and Tanzania focused on how African governments can mobilize domestic resources and strengthen private sector participation to sustain growth amid tightening global financial conditions.
Delegates emphasized the need for innovative approaches to financing development, with countries like Tanzania being cited as models for effective budget management and reform-driven fiscal transformation.