Tanzania requires urgent financial support of $1.1 billion (1.5 percent of GDP) in the next 12 months to avert a potential economic fallout arising from the Covid-19 pandemic and the rising import bill linked to rising crude oil prices.
The International Monetary Fund (IMF) says in its Country Report No 21/213, dated September 2021, that the country faces an urgent balance of payment (BOP) support as the government implements a comprehensive plan to tackle the Covid-19 shock in the wake of declining export receipts and rising import bill.
