IMF grants Tanzania a $1.046-billion loan

The International Monetary Fund has granted Tanzania a 1.046-billion dollar loan over 40 months, primarily to help the country cope with the consequences of the war in Ukraine. Spillovers from the war in Ukraine are stalling the Tanzanian economy’s gradual recovery from the Covid-19 pandemic, worsening the country’s development and reform challenges to unleash its economic potential. Connect with KBC Business; Subscribe to our channel: https://bit.ly/2OkoAyN Follow us on Twitter:   / kbcchannel1​   Find us on Facebook:   / kbcchannel1news   Check our website: https://www.kbc.co.ke/ #IMF #tanzania #KenyaNews