Tanzania: Dar es Salaam Moves to Mitigate Poor Exports, Market Uncertainty

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."

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