Europe’s energy crisis caused by the invasion of Ukraine by Russia has seen Tanzania coal exports record a seven-fold jump in the year to March due to high demand, the latest central bank data shows.
Posts tagged as “Tanzania”
The International Monetary Fund (IMF) has approved the first review of Tanzania's three-year extended credit facility, which will allow an immediate disbursement of approximately $153 million in budgetary support. The IMF stated that Tanzania's economic reform program was progressing well in a challenging global economic environment. However, authorities must work to boost domestic revenues while stepping up structural reforms to streamline bureaucracy and combat corruption.