VICE President Dr Philip Mpango has commended the International Monetary Fund (IMF) for its continued support to Tanzania through various programmes, including the extended credit facility aimed at accelerating economic recovery after the COVID-19 pandemic and disruptions caused by the war Extended Credit Facility (ECF).

According to Dr Mpango, IMF also supported the programme to enhance the country’s capacity to address challenges arising from climate change (Resilience and Sustainability Facility (RSF).

Dr Mpango expressed his gratitude yesterday during talks with IMF Deputy Managing Director Bo Li, which took place on the sidelines of the African Heads of State and Government Energy Summit at the Julius Nyerere International Convention Centre (JNICC) in Dar es Salaam.

He stated that through these programmes, Tanzania has experienced economic growth, controlled inflation, and increased private sector lending.

IMF deputy managing director   praised Tanzania for strengthening its economy and successfully implementing partnership programmes, including those under the ECF and RSF. He also commended Tanzania for executing the ECF programme effectively and achieving high marks in the fourth review assessment.

Additionally, Li congratulated Tanzania for being a model country, selected alongside Madagascar, to implement a comprehensive plan for raising environmental funding from various stakeholders, including the private sector, development partners and NGOs.