IMF, Tanzania to review report over state of economy: official

Source: Xinhua| 2019-05-07 00:59:07|Editor: yan
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DAR ES SALAAM, May 6 (Xinhua) -- The International Monetary Fund (IMF) said on Monday it will send a team of experts to Tanzania to review a recent report on the east African nation's state of the economy.

Abebe Aemro Selassie, the Director of the IMF's African Department, said the IMF experts will discuss with their Tanzanian experts on all economic reforms undertaken by the country.

A statement by the Directorate of Presidential Communication at State House in the commercial capital Dar es Salaam said Selassie promised to dispatch the team of experts during talks with President John Magufuli.

According to the statement, Selassie praised Magufuli for implementing grand electricity projects aimed at reducing power tariffs.

Philip Mpango, the Minister for Finance and Planning, assured Tanzanians that his ministry was well prepared in giving clarifications on the state of the economy report.

Palamagamba Kabudi, the Minister for Foreign Affairs and East African Cooperation, said there was no friction between Tanzania and the IMF as observed by some quarters.

On April 23, Mpango denied reports that the government has blocked publication of the IMF study on the country's state of the economy.

Mpango told the National Assembly in the capital Dodoma that the government and the IMF were currently engaged in consultations to see how Tanzania's inputs could be accommodated in the final report.

According to procedures, the government shared its inputs over economic situation with an IMF team from November 26 to December 7 last year when the team visited the country, he told the House.

Mpango said after the Executive Board of the IMF discussed the report, a member country has 14 days to discuss on the report before giving its consent for publication.

He added that the IMF prepared its report but the government's inputs were not taken into consideration.

"Our current talks with the IMF are to see how the final report incorporates our views," said Mpango.

He said when he was in Washington, D.C. recently, he met Selassie, and told him of Tanzania's concerns.