TANZANIA has informed the International Monetary Fund (IMF) of its intention to draw 114.2 million US dollars to cushion against the poor export and uncertainty in the global economy.
The fund is available through the 225 million US dollar Standby Credit Facility (SCF) arrangement for Precautionary Arrangement. IMF said the precautionary SCF Arrangement was "designed to provide Tanzania with a financial cushion to withstand deterioration in external demand and access to global market financing."
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article