Business, Foreign

Tanzania President Suluhu meets IMF chief

Tanzania President Samia Suluhu Hassan

Tanzania President Samia Suluhu Hassan on Monday met virtually with International Monetary Fund Executive Director Kristalina Georgieva.

In the meeting, President Hassan was accompanied by Minister of Foreign Affairs Ambassador Liberata Mulamula and her Finance counterpart Mwigulu Nchemba.

While Tanzania’s presidency didn’t share more information about the agenda of the meeting, it is likely to have sought to restore relations with the global financial institution.

In April 2019, there was push and pull over a report by IMF on Tanzania’s development.

Tanzania denied blocking the publication of an IMF report that accused President John Magufuli’s administration of undermining economic growth with “unpredictable and interventionist” policies.

The IMF projected a rate of GDP growth of around 4-5 percent in the medium term, a figure different from the government’s projection that the economy will grow by 7.3 percent in 2019

The IMF report also said that there were serious weaknesses in official data with other indicators pointing to a more subdued pace of economic activity.

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

The Brief will use the information you provide on this form to be in touch with you and to provide updates and marketing.