IMF warns Tanzania of October poll-related economic risks
Tanzania Finance minister Mwigulu Nchemba (centre) with Bank of Tanzania Governor Emmanuel Tutuba (left) and Finance PS Natu Mwamba, met with an IMF team, Charalambos Tsangarides (second right) and Jens Reinke, during a staff-level discussion in February 2023.
International Monetary Fund (IMF) staff visiting Tanzania this week approved the country’s macroeconomic fundamentals, but warned of a potential economic slowdown resulting from the upcoming general election.
After a week-long assessment visit, which concluded on September 24, the mission praised the local authorities for maintaining a positive economic outlook, based on low inflation, exchange rate flexibility, a falling current account deficit and persistence with key structural reforms.
