Tanzania’s economy is projected to grow by between 6.2 and 6.3 per cent in 2026, as the government continues implementing economic policies aimed at maintaining stability, controlling inflation and creating a favourable environment for businesses and investment.
Finance Minister Ambassador Khamis Mussa Omar announced the positive economic outlook during a meeting with Adrian Ubisse, Executive Director representing the African Group Constituency at the International Monetary Fund (IMF), on the sidelines of the IMF and World Bank Group Annual Meetings in Bangkok, Thailand.
The discussions focused on Tanzania’s economic performance, with the minister highlighting the country’s continued growth despite global economic challenges, particularly those affecting the oil sector.
For citizens, sustained economic growth and stable prices are important in supporting purchasing power, encouraging investment, creating business opportunities and strengthening the country’s capacity to finance development priorities.
Ambassador Omar said inflation had remained at 4.3 per cent for two consecutive months, August and September 2026, reflecting continued efforts to maintain price stability amid international economic uncertainties.
The government is also continuing to adjust its monetary policy in line with prevailing economic conditions.
The Central Bank Rate (CBR) remains at 6.25 per cent, a measure intended to support economic stability and provide a favourable environment for sustainable growth.
Stable inflation is particularly important for households because sharp increases in the prices of essential goods and services can put pressure on family budgets.
Maintaining a stable economic environment can also help businesses plan their operations and make investment decisions with greater confidence.
However, the projected economic growth will need to translate into tangible benefits for citizens through increased employment opportunities, stronger businesses, improved household incomes and continued investment in essential public services.
The meeting was attended by the Permanent Secretary and Paymaster General in the Ministry of Finance, Dr Natu El-Maamry Mwamba; the Permanent Secretary in the President’s Office responsible for Planning and Executive Secretary of the National Planning Commission, Dr Tausi Kida; and the Governor of the Bank of Tanzania, Emmanuel Tutuba.
Also present was Mbayani Saruni, Assistant Commissioner in the Policy Analysis Department of the Ministry of Finance.
The discussions provided an opportunity for Tanzania and the IMF to review the country’s economic outlook and the policies being pursued to sustain growth despite uncertainties in the global economy.