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IMF Staff Holds Review Mission to Tanzania

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. 
The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF's Executive Board for discussion and decision.

A team from the International Monetary Fund (IMF), led by Mauricio Villafuerte (pictured) , visited Tanzania from October 18–28, 2016 and held discussions with the authorities on the fifth review under the Policy Support Instrument (PSI) program that was approved on July 16, 2014. [1]

At the end of the mission Mr. Villafuerte issued the following statement:
“Preliminary data for the first half of 2016 indicate that economic growth was strong and that the projected growth rate of around 7 percent for the year as a whole remains within reach. However, there are downside risks to economic growth associated with the current tight stance of macroeconomic policies and the slow pace of implementation of public investment.