Tanzania wamesamehewa deni Tena

[Teargass]

LDC to the core. This is now the nth time Tanzania wameshindwa kulipa deni. This is total embarrassment.

======

IMF Executive Board Approves $14.3 Million Debt Relief to the United Republic of Tanzania Under the Catastrophe Containment and Relief Trust

June 10, 2020

• The IMF Executive Board approved debt relief under the Catastrophe Containment and Relief Trust to provide US$14.3 million over the next 4 months, and potentially up to US$25.7 million over the next 23 months.
• IMF debt service relief will help free up resources for public sector health needs and other emergency spending, as well as mitigate the balance of payments shock resulting from the pandemic.
• Given the risks ahead, it would be important to ensure close cooperation with multilateral organizations and donors and ensure sufficient budget allocations on health and other priority spending.

Washington, DC - The Executive Board of the International Monetary Fund (IMF) today approved a grant under the IMF’s Catastrophe Containment and Relief Trust (CCRT) to cover Tanzania’s debt service falling due to the IMF from today to October 13, 2020, the equivalent of US$14.3 million. Additional relief covering the period from October 14, 2020 to April 13, 2022 will be granted subject to the availability of resources in the CCRT, potentially bringing total relief on debt service to the equivalent of about US$25.7 million. The debt service relief will contribute to alleviate Tanzania’s balance of payment needs stemming from the COVID-19 pandemic.

The pandemic has weakened near-term macroeconomic prospects for Tanzania. The country is facing a drastic reduction in tourism receipts, budget pressures, and a projected deceleration of GDP growth from over 6 percent to 4 percent in the current fiscal year and to 2.8 percent in the upcoming fiscal year (the fiscal year ends in June).

Following the Executive Board’s discussion, Mr. Tao Zhang, Deputy Managing Director and Chair, issued the following statement:

“The COVID-19 pandemic is having an adverse economic impact on Tanzania, creating exceptional fiscal and balance of payments needs. The authorities have implemented containment measures and avoided an economic lockdown. They remain vigilant to the risk of spiraling infections and uncertainty surrounding the pandemic.

“The IMF’s debt service relief under the Catastrophe Containment and Relief Trust will free up public resources to help address the pandemic. The authorities are committed to using the additional resources for their intended purposes and in a transparent manner, including through ex-post audits of COVID-related spending. To deal with the remaining risks, it will be important to safeguard appropriate funding for health and other priority social spending in the FY2020/21 budget, as well as ensure close cooperation with the World Health Organization, multilateral agencies, and donors.

“Looking ahead, structural reforms remain crucial to support a robust economic recovery. The focus includes addressing arrears on VAT refunds and government expenditures, enhancing human capital and the business environment, and improving the affordability of bank credit.

Source: IMF Executive Board Approves $14.3 Million Debt Relief to the United Republic of Tanzania Under the Catastrophe Containment and Relief Trust

 

[ntamaholo]

Ha ha ha unayumba teargas. Magufuri ana akili kuliko wote Africa. Wakati mandezi yenu yanakimbilia mkopo wa ribawa kupambana na covid 19, Magufuri tangu Mwanzo aloshauri hawa wenye pesa badala watukopeshe na masharti yao na kudai zaidi na zaidi, wasamehe madeni ili nchi zitumie makusanyo yao kupambana na covid.

Kenya mkachagua kukopa. Msha kopa mara tatu.

Nchi mmefunga na covid inachanja mbuga

China watangaza kufunga SGR fake walipwe pesa yao.

Port ya Mombasa karibu kuhamia china.

Akili zitakaa sawa tu Teargass

 

[jani]

Wivu tuu

 

[cmoney]

Kwani hizo akili mnatumia kukalia badala ya kufikili

World Bank Approves $1 Billion Financing for Kenya, to Address COVID-19 Financing Gap and Support Kenya’s Economy on top of that mshaongeza uwezo wa kuhimili mkopo hadi mnajikuta mnalipa ela nyingi kuliko hata ya kufanyia maendeleo

Kenya: €188m African Development Bank loan to boost COVID-19 response

hata kenyata akiondoka lazima mje kuuzwa

Kenya non-performing loans hit 13-year high due to COVID-19 - CNBC Africa

The ratio of non-performing loans in Kenya have hit a 13-year high due to the shocks caused by the covid-19 pandemic. Central Bank data indicate that bad loans increased to 13.1 per cent, the highest since 2007 when they stood at 14.1 per cent.

 

[nyangau mkenya]

14 million dollars ni kidogo

Basically
IMF: Tumewanyima juu ya kuficha data lakini shika hii 20 bob ununue njugu

 

[eliakeem]

14 million dollars ni kidogo
Basically
IMF :Tumewanyima juu ya kuficha data lakini shika hii 20 bob ununue njugu

Kweli ni pesa ndogo, lakini ni muelekeo mzuri. Hauongezi mzigo wa madeni kwa nchi.

 

[MK254]

Duh! Hehehe poleni bandugu...

 

[spencer]

This is Net Saving

 

[Zigi Rizla]

Credit rating imeshuka chini

 

[Tz_one]

Vipi Grant ya €78million mliyopata juzi...

 

[permanides]

Francis Atwoli alisema Kenya watu wenye akili ni wawili tu, mwenyewe akiwepo, wengine wote ni mang'ombe. Mwanzoni hakueleweka vizuri, ila kwa sasa hawa ng'ombe ndio wanajiweka dhahiri.

 

[Trubarg]

Good move..

 

[Ambition plus]

Hii mnge post kwenye hizo forum za wakenya,hapa haina mashiko..

Afu hawa wakenya forum zao zinaitwaje,nataka niende huko.

 

[passioner255]

Aisee sijategemea mtu kama wewe kuna na akili hizo.

 

[Marcelly]

Ni wivu tu

 

[kabombe]

LDC to the core. This is now the nth time Tanzania wameshindwa kulipa deni. This is total embarrassment.

Unajifanya hujui kiingeeeza?
Wakati kenya waliomba mkopo wa dola bilioni moja,watanzania tuliomba debt relief au cancellation
Huyo ndio magufuli,kazi kwenu kulipa hiyo dola bilioni moja ambayo ataiba Uk na genge lake

 

[mwaswast]

LDC to the core. This is now the nth time Tanzania wameshindwa kulipa deni. This is total embarrassment.

======

IMF Executive Board Approves $14.3 Million Debt Relief to the United Republic of Tanzania Under the Catastrophe Containment and Relief Trust

June 10, 2020

• The IMF Executive Board approved debt relief under the Catastrophe Containment and Relief Trust to provide US$14.3 million over the next 4 months, and potentially up to US$25.7 million over the next 23 months.
• IMF debt service relief will help free up resources for public sector health needs and other emergency spending, as well as mitigate the balance of payments shock resulting from the pandemic.
• Given the risks ahead, it would be important to ensure close cooperation with multilateral organizations and donors and ensure sufficient budget allocations on health and other priority spending.

Washington, DC - The Executive Board of the International Monetary Fund (IMF) today approved a grant under the IMF’s Catastrophe Containment and Relief Trust (CCRT) to cover Tanzania’s debt service falling due to the IMF from today to October 13, 2020, the equivalent of US$14.3 million. Additional relief covering the period from October 14, 2020 to April 13, 2022 will be granted subject to the availability of resources in the CCRT, potentially bringing total relief on debt service to the equivalent of about US$25.7 million. The debt service relief will contribute to alleviate Tanzania’s balance of payment needs stemming from the COVID-19 pandemic.

The pandemic has weakened near-term macroeconomic prospects for Tanzania. The country is facing a drastic reduction in tourism receipts, budget pressures, and a projected deceleration of GDP growth from over 6 percent to 4 percent in the current fiscal year and to 2.8 percent in the upcoming fiscal year (the fiscal year ends in June).

Following the Executive Board’s discussion, Mr. Tao Zhang, Deputy Managing Director and Chair, issued the following statement:

“The COVID-19 pandemic is having an adverse economic impact on Tanzania, creating exceptional fiscal and balance of payments needs. The authorities have implemented containment measures and avoided an economic lockdown. They remain vigilant to the risk of spiraling infections and uncertainty surrounding the pandemic.

“The IMF’s debt service relief under the Catastrophe Containment and Relief Trust will free up public resources to help address the pandemic. The authorities are committed to using the additional resources for their intended purposes and in a transparent manner, including through ex-post audits of COVID-related spending. To deal with the remaining risks, it will be important to safeguard appropriate funding for health and other priority social spending in the FY2020/21 budget, as well as ensure close cooperation with the World Health Organization, multilateral agencies, and donors.

“Looking ahead, structural reforms remain crucial to support a robust economic recovery. The focus includes addressing arrears on VAT refunds and government expenditures, enhancing human capital and the business environment, and improving the affordability of bank credit.

Source: IMF Executive Board Approves $14.3 Million Debt Relief to the United Republic of Tanzania Under the Catastrophe Containment and Relief Trust

Hizi ni hela za kampeni conveniently at the moment of elections...hell hizo zinakuja na conditions.