Tanzania is increasingly being recognized as a model for economic stability and sound financial management in Africa, the International Monetary Fund (IMF) has confirmed.
The affirmation came during a high-level meeting between Tanzania’s Permanent Secretary for Finance, Dr. Natu El-Maamry Mwamba, and Mr. Abebe Selassie, the IMF Executive Director overseeing Africa, at the Fund’s headquarters in Washington D.C.
Dr. Mwamba briefed Mr. Selassie on Tanzania’s strong economic policies under the leadership of President Dr. Samia Suluhu Hassan.
The President has been credited with effectively controlling inflation, ensuring prudent management of project funds, and steering the country’s finances toward sustainable growth.
Mr. Selassie described Tanzania as a model country in Africa, noting that despite global challenges such as the COVID-19 pandemic and political tensions in other regions, the nation’s economy remains robust and resilient compared to many peers on the continent.
During the discussions, Dr. Mwamba expressed gratitude to the IMF for its continued support through concessional loans, technical assistance, and policy guidance, which have played a significant role in strengthening Tanzania’s economic foundations.
As a shareholder in both the IMF and the World Bank, Tanzania actively participates in governance and operational meetings of these institutions, safeguarding national interests while shaping policies that promote sustainable development across Africa.
Tanzania’s recognition by the IMF underscores the country’s growing international credibility and serves as a testament to its leadership in economic management, positioning it as an example for other African nations seeking fiscal discipline and sustainable growth.