IMF Calls Tanzania Economic Prospects Promising
According to the recently released International Monetary Fund (IMF) Economic Outlook for sub-Saharan Africa, Tanzania economic prospects are promising.
John Wakeman-Linn, the IMF Senior Resident Representative indicated at the launch of the report that the GDP (economic) growth and declining rates of inflation substantiate country’s rising economic prospects.Mr. Wakeman-Linn went on to congratulate both the Bank of Tanzania (BoT) and the Tanzania government for their practical monetary and fiscal policies, saying that these policies have helped to strengthen the country against the significant blows that have resulted from the global economic crisis.
“Almost all Tanzania's macroeconomic indicators - exports, private credit growth and reserve levels are favorable,” said Mr. Wakeman-Linn.
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