By The Respondents Reporter
The International Monetary Fund (IMF) has commended Tanzania for its strong cooperation and effective implementation of economic reform programmes under the Extended Credit Facility (ECF) and the Resilience and Sustainability Facility (RSF), noting that the partnership continues to support macroeconomic stability and sustainable development.
The recognition was made by the Head of the IMF Mission Team, Nicolas Blancher, who led a team of experts that visited Tanzania for a two-week assessment of ongoing IMF-supported programmes.
The delegation held discussions with the government team led by the Permanent Secretary of the Ministry of Finance and Paymaster General, Natu El-maamry Mwamba, at Treasury Square in Dodoma.
Blancher said the IMF remains committed to supporting Tanzania in completing the ongoing reform programmes and designing the next phase of cooperation aimed at strengthening the economy and improving resilience.
He noted that the mission focused on reviewing key policy areas and assessing how Tanzania is responding to global economic pressures, including geopolitical tensions affecting international markets.
“One of the key objectives of this mission is to discuss major policy issues, especially how Tanzania is managing external economic shocks while maintaining stability,” he said.
Blancher also encouraged Tanzania to continue strengthening its financial sector, increase investments in health and education, and support private sector development as a way of creating more jobs and accelerating inclusive growth in line with the national development vision.
On the Tanzanian side, Mwamba expressed appreciation for IMF’s continued support, saying the partnership has played an important role in advancing economic reforms and strengthening fiscal management systems.
He reaffirmed the government’s commitment to working closely with the IMF to ensure sustainable and inclusive growth, as well as timely access to financial resources needed to implement development priorities.
Mwamba said Tanzania has made notable progress in the implementation of the ECF programme, where two out of eight structural benchmarks have been fully completed.
These include the establishment of an Emergency Liquidity Assistance (ELA) framework and improvements in the collateral system for financial institutions.
He added that five other benchmarks are currently under implementation, including reforms in public investment management, improvements in VAT refund systems, and preparation of a collateral law aimed at expanding the range of assets eligible for use as security in financial transactions.
Regarding the RSF programme, Mwamba said five out of eight key milestones have been achieved.
These include long-term planning in the energy sector that integrates climate change considerations, as well as the establishment of systems for collecting climate-related data in the financial sector.
The IMF team noted that Tanzania’s progress under both programmes reflects strong policy commitment and effective coordination among institutions, laying a solid foundation for continued economic growth, resilience building, and long-term sustainable development.
