The International Monetary Fund (IMF) has approved the disbursement of US$443.9 million to Tanzania following the completion of reviews under the Extended Credit Facility (ECF) and Resilience and Sustainability Facility (RSF) arrangements.

This approval comes amid Tanzania's ongoing economic reform program, which includes transitioning to an interest-rate-based monetary policy, increasing exchange rate flexibility, and enhancing transparency in foreign exchange policies.

The IMF highlighted that Tanzania’s macroeconomic indicators remain on track, with total access under the ECF arrangement reaching US$1,063 million and the RSF arrangement totaling US$636.5 million.

However, the IMF urged faster implementation of reforms to mitigate risks from global uncertainties, such as prolonged conflicts in the Middle East, which could weaken growth prospects.Key reforms include introducing an environmental tax on carbon-emitting sources, revising energy tariffs, and automating VAT refund processes.While most reforms are progressing, delays in energy sector measures remain a concern.The IMF emphasized the need for accelerated action to ensure economic stability.