Tuesday, May 17, 2022
FRFrançais RW Kinyarwanda
Taarifa Rwanda
  • Home
  • National
    • Business
  • Crime
  • Africa
    • East-Africa
    • North-Africa
    • South-Africa
    • West-Africa
  • World
    • America
    • Asia
    • Europe
  • Lifestyle
  • Others
    • The Big Talk
    • Sports
    • In Pictures
    • Science
    • Jobs & Tenders
    • Transform Africa
    • Health
    • Religion
  • Special Report
  • Home
  • National
    • Business
  • Crime
  • Africa
    • East-Africa
    • North-Africa
    • South-Africa
    • West-Africa
  • World
    • America
    • Asia
    • Europe
  • Lifestyle
  • Others
    • The Big Talk
    • Sports
    • In Pictures
    • Science
    • Jobs & Tenders
    • Transform Africa
    • Health
    • Religion
  • Special Report
No Result
View All Result
Taarifa Rwanda
No Result
View All Result
Home Africa East-Africa

Tanzania Requests For U$571 million From IMF To Fix Economy

by Staff Writer
June 17, 2021
in East-Africa, Tech
0
Share on FacebookShare on Twitter

In a marathon to release Tanzania from the grip of unorthodox policies previously ordered by Late leader John Magufuli, the new President Samia Suluhu Hassan has pursued a different direction.

Her government has officially applied for a U$571 million loan from the International Monetary Fund (IMF) to help in tackling economic challenges of the Covid-19 pandemic.

“We have submitted the application within the specified time. But I will provide detailed information in the near future,” Finance Minister Mwigulu Nchemba said on Wednesday shortly after a parliamentary session in Dodoma.

Advert Advert Advert

On June 10 Nchemba tabled the 2021/22 budget Worth Sh36.3 trillion in Parliament. Nchemba told the House that the requested funds were a low-interest loan aimed at tackling the social and economic impacts of the Covid-19 pandemic.

However, IMF officials in Dar es Salaam and Washington have conditioned Tanzania to provide information on Covid-19 which the government has tightly guarded.

Tanzania government has not published data on Covid-19 infections since May last year.

IMF confirmed about the existence of talks with the government.

“When applying for pandemic-related emergency financing, evidence of the pandemic has to be available to substantiate the claim,” the IMF’s resident representative, Jens Reinke, told media.

The Covid-19 pandemic notwithstanding, Tanzania’s economy expanded at the rate of 4.8% last year. But this rate was lower than the government’s projection growth rate of 5.5%.

Dr Nchemba told the Parliament last week that, in 2021, the economy is projected to expand by 5.6%.

Previous Post

Rwanda Prosecution Seeks Life Sentence For Paul Rusesabagina

Next Post

World Rally Championship Returns To Kenya

Staff Writer

Staff Writer

Related Posts

Countdown To e-Learning Africa In Kigali, May 11 – 13
Tech

Countdown To e-Learning Africa In Kigali, May 11 – 13

by Staff Writer
May 10, 2022
Hydrogen, The New Energy Rush For Africa
Tech

Hydrogen, The New Energy Rush For Africa

by Staff Writer
May 3, 2022
Kenya, Niger, Senegal On US Pact Against Internet Shutdowns
Tech

Kenya, Niger, Senegal On US Pact Against Internet Shutdowns

by Staff Writer
April 30, 2022
Next Post

World Rally Championship Returns To Kenya

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest news

Rwanda Organizes Landmark International Gathering On Sustainable Energy

Rwanda Organizes Landmark International Gathering On Sustainable Energy

May 16, 2022
MTN Rwanda Announces Proposed Rwf 6.7B In Dividends To Shareholders

MTN Rwanda Announces Proposed Rwf 6.7B In Dividends To Shareholders

May 16, 2022
Does Ethiopia Have Any Secret Hidden To The World?

Does Ethiopia Have Any Secret Hidden To The World?

May 14, 2022

Trending

  • RIB Arrests Goons That Assaulted A Man On Street

    RIB Arrests Goons That Assaulted A Man On Street

    183 shares
    Share 73 Tweet 46
  • Gorilla Games Launches Casino And Sportsbook Android Applications

    100 shares
    Share 40 Tweet 25
  • Mozambique Police Chief Visits Rwanda Security Forces In Chai – Macomia District

    7 shares
    Share 2 Tweet 2
  • Does Ethiopia Have Any Secret Hidden To The World?

    6 shares
    Share 2 Tweet 2
  • Teta Gisa Rwigema Weds At Colourful Ceremony

    7 shares
    Share 3 Tweet 2
Taarifa Rwanda

Taarifa is a Rwandan News Platform telling true stories by delivery quick, in-depth and exclusive news on Social, Political, and Economic issues.

Contact us

Email:info@taarifa.rw or taarifarwanda@gmail.com

Call:+250788316164

WhatsApp:+25078457033

In other Languages

– Kinyarwanda
– Francais

© 2022 Copywright

No Result
View All Result
  • Home
  • National
    • Business
  • Crime
  • Africa
    • East-Africa
    • North-Africa
    • South-Africa
    • West-Africa
  • World
    • America
    • Asia
    • Europe
  • Lifestyle
  • Others
    • The Big Talk
    • Sports
    • In Pictures
    • Science
    • Jobs & Tenders
    • Transform Africa
    • Health
    • Religion
  • Special Report

© 2022 Copywright

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?