WASHINGTON (Reuters) – The International Monetary Fund on Monday said its executive board approved a $1.04 billion, 40-month Extended Credit Facility loan arrangement for Tanzania, with an immediate disbursement of about $151.7 million.
The Fund said in a statement that the financing package would assist Tanzania’s economic recovery, address spillovers from Russia’s invasion of Ukraine, help preserve macroeconomic stability and support structural reforms.
(Reporting by David Lawder; Editing by Sandra Maler)
