United Republic of Tanzania: Sixth and Seventh Reviews Under the Extended Credit Facility Arrangement, Request For a Waiver of Nonobservance of a Quantitative Performance Criterion, and Third and Fourth Reviews Under the Resilience and Sustainability Facility Arrangement -Press Release; Staff Report; and Statement by the Executive Director for the United Republic of Tanzania

Tanzania has achieved strong economic growth and macro-financial stability, underpinned by prudent macroeconomic management. The medium-term outlook is favorable, contingent on sustained reform implementation, particularly to strengthen the business environment and support a more dynamic private sector. However, downside risks have increased in both the near and medium term, from the war in the Middle East, social tensions, and reform delays. To set the stage for long-term economic growth and resilience, converging to SDG targets and reducing poverty are critically important, especially considering that the population size is expected to double by 2050.