Previously, any country that borrowed more than 187.5 percent of their quota from the IMF had to pay surcharges of at least two percent in extra interest on the loans.
The International Monetary Fund (IMF) has approved $204.5 million in new funding for Tanzania after a successful review of the country’s economic reforms programme.
The fund’s executive board expressed satisfaction with Dodoma’s reform programme and noted the country’s “favourable” growth outlook.
