Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Tanzania Gets $150m Loan from IMF Today, the Executive Board of the International Monetary Fund (IMF) completed the second review of the Extended Credit Facility (ECF) Arrangement for Tanzania, which was approved in July 2022 for total access of SDR 795.58 million (200 per cent of quota- about US$ 1,046.4 million) at the time of program approval. The completion of the second review allows the immediate disbursement of SDR 113.37 million (about US$ 150.5 million), bringing Tanzania’s total access under the arrangement to about US$ 455.3 million. The arrangement aims to support economic recovery, preserve macro-financial stability, and promote sustainable…

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