United Republic of Tanzania : Fourth Review Under the Policy Support Instrument and Request for an Arrangement Under the Standby Credit Facility: Staff Report; Debt Sustainability Analysis; Press Release on the Executive Board Discussion; and Statement by the Alternate Executive Director for The United Republic of Tanzania.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/185

IMF Staff Country Reports

Language:

English

Subjects (All):

Inflation (Finance)--Tanzania.

Inflation (Finance).

Poverty--Tanzania.

Poverty.

Tanzania--Economic conditions.

Tanzania.

Physical Description:

1 online resource (83 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

Tanzania’s economy experienced adverse supply shocks in 2011. The Fourth Review under the policy support instrument (PSI) discusses that tighter fiscal and monetary policies are addressing the inflationary impact of the drought/energy shock. Performance under the PSI-supported program has been generally satisfactory. All December 2011 and March 2012 quantitative assessment criteria and indicative targets were met, other than the March 2012 floor on net international reserves, which was missed on account of delays in contracting programmed external borrowing.

Contents:

Cover; Contents; Executive Summary; I. Introduction; II. Recent Developments and Economic Outlook; III. Program Performance; IV. Policy Discussions; A. Further steps to put public finances on a sustainable path; Boxes; 1. Revenue Measures in the 2012/13 Budget; B. Fiscal risks and debt sustainability are being monitored closely; 2. Raising the ENCB Ceiling; C. Structural Fiscal Reforms; 3. Tanzania's Gas Pipeline Project; D. Energy Sector Policies; E. Monetary, Exchange Rate, and Financial Sector Policies; V. Program Issues; A. SCF Request; B. Program Modalities; VI. Staff Appraisal; Tables

1. Selected Economic and Financial Indicators, 2008/09-2013/142a. Central Government Operations, 2008/09-2013/14; 2b. Central Government Operations, 2008/09-2013/14; 3. Monetary Accounts, 2009-2013; 4. Balance of Payments, 2008/09-2013/14; 5. Financial Soundness Indicators, 2008-2012; 6. Indicators of Capacity to Repay the Fund; 7. Disbursements and Timing of Reviews under the SCF Arrangement; 8. Balance of Payements: Baseline and Stress Scenario 2009/10-2012/13; Figures; 1. Real Sector, Fiscal and External Developments; 2. Responding to Price Shocks with Monetary Tightening; 3. Energy Sector

AppendixLetter of Intent; Attachment I. Memorandum of Economic and Financial Policies; Attachment II. Technical Memorandum of Understanding on Selected Concepts and and Definitions Used in the Monitoring of the Program Supported by the PSI and SCF

Notes:

"July 2012."

Description based on print version record.

ISBN:

9781475556957

1475556950

9781475598285

1475598289

9781299263840

1299263844