The International Monetary Fund (IMF) has commended Tanzania for its strong cooperation and effective implementation of economic reforms under the Extended Credit Facility (ECF) and the Resilience and Sustainability Facility (RSF).
The ECF program supports economic stability through concessional financing targeted at productive sectors and social services, while the RSF focuses on enhancing resilience to climate change and promoting sustainable economic growth.
The commendation was delivered by Nicolas Blancher, who led an IMF delegation during a comprehensive review of IMF-supported programs in Tanzania. The remarks were made during a high-level meeting with the Tanzanian delegation led by Natu El-maamry Mwamba at the Ministry of Finance offices in Dodoma.
Blancher reaffirmed the IMF’s commitment to supporting Tanzania in completing the ongoing programs and shaping future phases of cooperation. He noted that the mission also focused on key macroeconomic policy discussions, including Tanzania’s response to global economic challenges such as the ongoing crisis in the Middle East.
He emphasized the need to further strengthen the financial sector, increase investment in health and education, and promote private sector growth and job creation in line with Tanzania’s Development Vision 2050.
On her part, Dr. Mwamba expressed appreciation for the IMF’s continued support in advancing Tanzania’s economic reform agenda. She reiterated the government’s commitment to maintaining close collaboration with the IMF to achieve inclusive growth and sustainable development, while ensuring timely access to financial resources.
Regarding implementation progress, Dr. Mwamba noted that under the ECF program, two out of eight performance benchmarks have been achieved, including the establishment of an Emergency Liquidity Assistance (ELA) framework and improvements in collateral systems for financial institutions. Five additional benchmarks are currently at advanced stages, including reforms in public investment planning, VAT refund systems, and a new collateral law to expand acceptable secured assets.
Under the RSF program, five out of eight reform milestones have been completed, including long-term energy strategies aligned with climate goals and systems for collecting climate-related financial data.
The IMF’s assessment highlights Tanzania’s continued progress in strengthening economic governance, building fiscal resilience, and implementing climate-responsive policies—positioning the country for sustainable and inclusive growth.
