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Tanzania, Seventh Review Under the Policy Support Instrument, Second Review Under the Exogenous Shocks Facility, and Request for a New Three-Year Policy Support Instrument - Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Tanzania, International Monetary Fund

Abstract
Monetary and fiscal easing, together with specific interventions under the Economic Rescue Plan, helped contain the immediate impact of the global crisis, but private sector recovery remains nascent. Inflation, persistently high during 2009 owing to large increases in food prices, has declined to single-digit levels. Revenues continue to underperform relative to the budget, resulting in a modest scaling back in expenditure to limit deterioration of the fiscal deficit. Monetary policy has produced a low interest rate environment, but private sector credit growth has slowed sharply
Table Of Contents
Cover -- Contents -- Executive Summary -- I. Strong Macroeconomic Gains, Slower Progress Toward the MDGs -- II. Emerging from the Global Financial Crisis and Local Shocks -- A. Program performance -- III. A Renewed Focus on Pro-Poor Growth -- A. Macroeconomic Framework -- B. Creating Fiscal Space and its Effective Usage -- C. Financial Sector Deepening -- IV. Program Modalities -- V. Staff Appraisal -- Tables -- 1. Selected Economic and Financial Indicators, 2007/08-2012/13 -- 2a. Central Government Operations, 2007/08-2012/13 -- 2b. Central Government Operations, 2007/08-2012/13 -- 3. Monetary Accounts, 2007/08-2010/11 -- 4. Summary Accounts of the Bank of Tanzania, 2009/10-2010/11 -- 5. Monetary Survey, 2009/10-2010/11 -- 6. Balance of Payments, 2007/08-2012/13 -- 7. Selected Financial Soundness Indicators, 2006-09 -- Figures -- 1. Historical Perspective, 1990-2010 -- 2. Impact of the Global Financial Crisis -- 3. Monetary and Exchange Rate Developments -- Boxes -- 1. Performance Under the 2007-10 PSI-Supported Program -- 2. Economic Rescue Plan (ERP) -- 3. New Poverty Reduction and Growth Strategy (MKUKUTA II) -- 4. Tax Revenue Improvements-Policy Options -- Appendix -- I. Letter of Intent -- Attachment I. Memorandum of Economic and Financial Policies -- Table 1. Quantitative Assessment/Performance Criteria and Indicative Targets Under the Policy Support Instrument and the Exogenous Shocks Facility, September 2009-March 2010 -- Table 2. Quantitative Assessment Criteria and Indicative Targets Under the Policy Support Instrument, June 2010-June 2011 -- Table 3. Proposed Structural Benchmarks During First Year of New PSI, 2010/11 -- Attachment II. Technical Memorandum of Understanding on Selected Concepts and Definitions Used in the Monitoring of the PSI-Supported Program -- Table 1. Summary of Reporting Requirements
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Physical Description
1 online resource (85 pages)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781455204182

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