ALL development funds released by the International Monetary Fund (IMF) will be utilised effectively to support the country’s economic growth agenda, the government has reaffirmed.

Dr Mwigulu Nchemba, the Finance minister, stated this commitment at a farewell event for Charalambos Tsangarides, the outgoing IMF country head of mission, who has spent three and half years on his current duty station.

The government will persist in its efforts to securing funds for key strategic projects to foster national development and economic growth, he said

He hinted at progress being made in the implementation of reform initiatives aimed at addressing the effects of climate change, where funds are being secured from the resilience and sustainability facility (RSF) of the IMF.

“I extend our heartfelt gratitude for your dedication in supporting our country’s economic development,” he said, stressing that staff at the Treasury will offer all the necessary cooperation to the IMF country mission.

He gestured in the direction of Nicolas Blancher, the new IMF head of mission, vowing support and collaboration from the government.

“We are excited to benefit from the expertise of another seasoned professional, just as we did with Tsangarides, in achieving our long-term economic development goals,” the minister declared.

Tsangarides, in his farewell remarks, hailed the strong cooperation he was provided during his tenure, commended the government’s efforts in managing economic development.

He pledged to maintain support for Tanzania in its journey to improve public welfare, while the incoming head of mission issued assurances of full commitment to working together, building on the work done by his predecessor.

His tenure will be dedicated to ensuring the successful achievement of the country’s economic goals, he added.